2025/1/3 Daily View

Hello everyone, I am your cat, I got up early today...

The market is calm at present, and it is still dominated by bulls.

After the price runs to the position mentioned yesterday, it encounters obvious resistance, then stops running upward and enters consolidation, which is normal. There is no need to worry or panic.

Ethereum's 3512-3520 is really an old friend. In fact, this is not a real strong resistance level. It's just that the inflow of ETFs is not enough, which leads to the repeated failure of this previous weak resistance level.

97850 of the big cake is not a strong resistance level either. The real slightly stronger resistance is 98850 and 99950. The suppression effect of 101000 and 102640 above will be stronger than 98850 and 99950.

But it's still early. Today is only the 3rd. We have nearly half a month to do consolidation and pull up, so pulling too fast is not necessarily a good thing.

In the 4-hour chart, a new small slope trend has emerged. There is no need to worry before the new slope line is broken. If it breaks, it is reasonable to step back to 95600. Confirm the situation of the top and bottom exchange, but at present, it seems that it cannot step so deep.

Friends who have short orders are trapped, it is best to reduce positions, don’t resist, it is meaningless. If you really can’t bear to reduce, then don’t increase positions. Don’t increase positions now, it’s not the top yet. You can wait for a chance to step back, make a counter-attack, enter with a long position that is slightly larger than the short position, and then wait for the top signal, or when the date is around the 20th, close the long position, and then add the profit of the long position to the short position.

I still don’t recommend hedging, try to reduce positions on dips as the main method.