Suddenly surged to 94,700 in the early hours, then retraced over a thousand points, indicating there is indeed resistance above. Currently, the price is repeatedly testing below the upper band of the Bollinger Bands. On the 1-hour K-line, both MACD and KDJ are beginning to weaken, showing clear signs of volume expanding downward. During the day, trading volume has been relatively light, so when opportunities arise, it's best to exit quickly and avoid holding on stubbornly.
Trading strategy: Short between 94,000 and 94,700, with the first support at 91,000. Adjust stop-loss levels flexibly based on your position; don't go all-in.
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MysteriousZhang
· 01-08 09:43
94700 went up again and then dropped back down. This resistance level is really tough. The short opportunity has arrived, but I still need to see if 91000 can hold.
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ser_we_are_ngmi
· 01-06 08:35
94,700 drops down, this resistance level is really holding tight, and the bears are about to start causing trouble again.
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TokenomicsTrapper
· 01-06 07:09
nah this is just textbook exit pump pattern... called this months ago honestly. watching those liquidations like netflix rn lol
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MEVictim
· 01-06 07:08
94700 went up again and then dropped back down. This is just the market maker testing the market, really a bit annoying with this repeated pattern.
Holding short positions makes my hand a bit shaky, still need to set proper stop-loss and not be greedy.
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MidnightGenesis
· 01-06 06:49
On-chain data also confirms this wave of resistance; the 94,700 level was unsurprisingly broken. The interesting aspect of the MACD trend is that it somewhat resembles the retracement pattern from last Friday. It is worth noting that the volume does not match well, which means the bears have not yet fully gained momentum. If 91,000 is broken, the outlook may need to be further downward.
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OptionWhisperer
· 01-06 06:49
94700 went up again and then dropped back down. This resistance level is too solid; it was beaten back alive.
#BTC的流动性状况 Tuesday midday market review
Suddenly surged to 94,700 in the early hours, then retraced over a thousand points, indicating there is indeed resistance above. Currently, the price is repeatedly testing below the upper band of the Bollinger Bands. On the 1-hour K-line, both MACD and KDJ are beginning to weaken, showing clear signs of volume expanding downward. During the day, trading volume has been relatively light, so when opportunities arise, it's best to exit quickly and avoid holding on stubbornly.
Trading strategy: Short between 94,000 and 94,700, with the first support at 91,000. Adjust stop-loss levels flexibly based on your position; don't go all-in.
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