2026-01-07 10:21:55

Bitcoin experienced a pullback after hitting the 94,000–95,000 range, which is a normal correction process. This range essentially represents a significant resistance level on the daily chart, making it difficult to break through in the short term.

From a technical perspective, this decline is just the first phase of adjustment, and a second phase of rebound is expected to follow. Bitcoin is anticipated to once again challenge the 98,000–100,000 range. Even if it reaches around 106,000 in extreme cases, based on cyclical and rebound characteristics, these levels are still just minor highs in the first stage of a bear market, falling within the scope of a rebound rally, and the probability of a true reversal remains low.

Why do we make this judgment? The key lies in the linkage effect of risk assets. Yesterday, the S&P 500 hit a new high again, and today the A-shares also set new records. The entire financial market is showing a generally upward trend. In this overall environment, although Bitcoin finds it difficult to break its all-time high, it is still reasonable to expect another step up within the rebound cycle. This wave of gains mainly comes from rotation in risk appetite, rather than a trend reversal signal.

BTC3,3%

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MeltdownSurvivalist

· 01-10 10:21

94-95 can't be broken through, the resistance level is just the resistance level, it's not for nothing.

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SilentObserver

· 01-07 17:27

94,000 and you're already kneeling? I thought we could directly push to 100,000. Looks like we still have to take it slow.

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RealYieldWizard

· 01-07 10:51

94,000 is the ceiling; don't overthink it.

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AirDropMissed

· 01-07 10:49

94000 this level is just a paper tiger; testing repeatedly will do the trick. Wait, you really think the second phase of the rebound is coming? I don’t see it. The S&P and A-shares are both rising, so the crypto circle has to follow along? That logic is a bit forced. Is it another scythe... Every time they talk about a rebound, it ends with a sucker punch. 106000, you guys are dreaming; reality often hits hard. As the market heat shifts, the crypto circle follows the trend and rises, but the old trick of retail investors taking the bait is tired. Why is it again the small high point of the first phase? How many times have I said this? Technical analysis is just technical; market sentiment is the real king, okay? I believe the rebound can reach 100,000 during the cycle, but don’t talk to me about a reversal. Risk appetite rotation? Basically, no one really believes in Bitcoin.

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RooftopReserver