After the midday market opens, Bitcoin ends its early continuous rise and shifts into a sideways consolidation phase. Both bulls and bears engage in a gentle tug-of-war at relatively high levels, with prices repeatedly oscillating within a narrow range. The market is temporarily in a blank period for direction confirmation.
From a regular upward trend perspective, today's pullback is likely to stop at the high point of yesterday's first wave. Currently, the 93200 level remains the most important support line.
From a technical standpoint, the hourly Bollinger Bands continue to contract, with the space between the upper and lower bands narrowing more and more. Prices are oscillating within this channel, and a typical buildup and震荡 pattern is gradually emerging.
This situation usually requires time to verify the direction choice. Continue to observe in the short term and wait for a breakout signal to appear.
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WalletAnxietyPatient
· 01-08 08:06
Waiting again, is this all there is? If 93200 breaks, I'll just give up.
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SnapshotDayLaborer
· 01-07 17:55
Will 93,200 break or not? It's really hard to watch. Sideways trading is the most frustrating thing.
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YieldChaser
· 01-06 14:45
Sideways trading is frustrating. If we can't hold 93,200, we'll have to start over again.
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LiquidityWitch
· 01-06 14:16
93,200 can't hold today, so it will have to look at 96k. This wave of fluctuation is so dull.
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rugpull_survivor
· 01-06 06:00
If 93,200 can't be broken, then I guess I'll have to keep watching the show.
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ProxyCollector
· 01-06 05:57
Another horizontal整理, I am too familiar with this routine, it's just testing our patience.
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LiquidityWitch
· 01-06 05:54
It's this same old pattern again, accumulating momentum, accumulating momentum every day, when are we finally going to see a real breakthrough?
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MEVHunter
· 01-06 05:53
mempool's looking thin rn... 93.2k holding or we getting sandwiched into oblivion? bollinger squeeze always precedes the slaughter, watched this pattern bleed retail a hundred times. time decay's a bitch when you're stuck in the channel watching others extract value. where's the liquidity actually hiding?
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MetaNomad
· 01-06 05:48
If 93,200 can't hold, then we have to find support again below. So annoying this kind of fluctuation.
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CoffeeNFTs
· 01-06 05:30
Is this 93,200 level really holding? I feel like the previous few times were just false alarms.
After the midday market opens, Bitcoin ends its early continuous rise and shifts into a sideways consolidation phase. Both bulls and bears engage in a gentle tug-of-war at relatively high levels, with prices repeatedly oscillating within a narrow range. The market is temporarily in a blank period for direction confirmation.
From a regular upward trend perspective, today's pullback is likely to stop at the high point of yesterday's first wave. Currently, the 93200 level remains the most important support line.
From a technical standpoint, the hourly Bollinger Bands continue to contract, with the space between the upper and lower bands narrowing more and more. Prices are oscillating within this channel, and a typical buildup and震荡 pattern is gradually emerging.
This situation usually requires time to verify the direction choice. Continue to observe in the short term and wait for a breakout signal to appear.