Trader's opinion: January market dilemma, $100,000 breakthrough may fall short

【BlockBeats】The recent price performance over the past week has indeed been a bit unpredictable. Looking at the higher time frame patterns, honestly, they are not ideal, and it can be basically judged that there is still room for further decline.

At the beginning of the year, I was still thinking whether the new year could bring some strong gains, pushing BTC past $100,000, and by the way, helping other risk assets catch up. But now it seems that this beautiful imagination is most likely to fall short.

Rather than stubbornly holding on in this situation, it’s better to exit completely and take a step back into real life to calm down. Temporarily put aside trading, experience the real world, and wait until the situation becomes clearer later.

BTC-0,77%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
YieldWhisperervip
· 01-23 18:48
lmao "examined the chart and found it's not ideal" — actually the math doesn't check out here. those higher timeframes are basically screaming unsustainable momentum patterns if u zoom in. seen this exact death spiral design in 2021, classic.
Reply0
DAOdreamervip
· 01-23 02:46
Lost 100,000, I should have listened and moved everything into stablecoins earlier.
View OriginalReply0
fren_with_benefitsvip
· 01-23 02:34
Haha, this wave of the market really can't be pushed up. Breaking 100,000 seems unlikely. --- Honestly, I can't understand the recent trend either, so I might as well lie flat. --- Taking a step back to calm down is indeed wise. Forcing it can easily mess with your mindset. --- Another drop? I calculated my wallet, and I might as well just leave it alone. --- Feels like the whole January has been gambling; maybe I should do something else. --- Alright, I'll exit first and wait for signals. If this continues, my blood pressure will explode. --- It's a bit risky to see no support at high levels. I also want to exit completely. --- Instead of constantly watching the market, it's better to go outside and get some fresh air. Wait until things are clearer before re-entering.
View OriginalReply0
AirdropNinjavip
· 01-23 02:30
The $100,000 dream is shattered, I saw this wave was off long ago.
View OriginalReply0
SerumSurfervip
· 01-23 02:26
The $100,000 thing has felt uncertain for a long time, and now it's even more certain.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)