Bitcoin's recent rally directly broke through the short-term resistance at 90,400. The price has now stabilized above 91,000, and the overall trend still shows strength.
However, it is now entering a consolidation phase. The pullback after the surge has not been strong enough, so the strategy is mainly to stay on the sidelines and observe, with a key focus on how the four-hour timeframe develops.
If the price continues to stay above 90,400 and does not break below, it may continue to push towards 92,500. But the current price level's direction is still unclear, and rushing into the market carries higher risks. Additionally, weekend market trading volume is usually less active, so there's no need to chase this rally aggressively. It's better to wait for clearer signals before taking action.
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HodlOrRegret
· 01-04 10:58
What are you still chasing over the weekend? The trading volume is so poor. Let's wait for signals on Monday.
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NonFungibleDegen
· 01-04 10:58
ngl the 90400 break is lowkey promising but also like... we're just ranging rn? not exactly screaming "ape in" energy lol. probably just gonna watch the 4h candles and cope
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MonkeySeeMonkeyDo
· 01-04 10:50
The 91,000 mark has been firmly held. It looks quite stable, just worried that the weekend will start partying again.
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ColdWalletAnxiety
· 01-04 10:29
It's right not to chase this wave over the weekend, I'm also in a wait-and-see mode. Let's go 92,500!
Bitcoin's recent rally directly broke through the short-term resistance at 90,400. The price has now stabilized above 91,000, and the overall trend still shows strength.
However, it is now entering a consolidation phase. The pullback after the surge has not been strong enough, so the strategy is mainly to stay on the sidelines and observe, with a key focus on how the four-hour timeframe develops.
If the price continues to stay above 90,400 and does not break below, it may continue to push towards 92,500. But the current price level's direction is still unclear, and rushing into the market carries higher risks. Additionally, weekend market trading volume is usually less active, so there's no need to chase this rally aggressively. It's better to wait for clearer signals before taking action.