Monday's market movement really tests the patience—first it rises, then the bears start to dump repeatedly, while the bulls are not idle either, gradually entering the market to accumulate positions. Now it all depends on what rhythm the market really wants to follow.
My principle is simple: only trade charts I can see clearly. No matter how others shout or try to set the pace, I stick to my own approach. If I make mistakes, I accept them without grievance, review and learn, and continue next time.
Currently, on the hourly chart, the 915 level for BTC has formed quite a bit of resistance. It would be even better if it can push above tonight, but honestly, the space isn't much; 930 is probably the ceiling. The real key level is still 892. After breaking through 905 previously, every dip back to 892 has rebounded, and last time it shot up directly to 947. So if tonight it tests 892 again and breaks below, the continuation of this rebound will be highly questionable.
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NotGonnaMakeIt
· 01-08 23:46
892 is indeed the critical point; if it breaks, you have to admit defeat.
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TrustMeBro
· 01-08 16:08
If you can't hold this level at 892, the rebound will basically be over.
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MoneyBurner
· 01-08 16:06
This checkpoint at 892 really needs to be held, or else we'll have to tell the story all over again.
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MissedAirdropAgain
· 01-08 16:04
892 breaking is the real test, otherwise it's all just a bluff
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PaperHandsCriminal
· 01-08 16:03
If 892 breaks, this rebound might be over. Why does it always get pushed around at these few points?
Monday's market movement really tests the patience—first it rises, then the bears start to dump repeatedly, while the bulls are not idle either, gradually entering the market to accumulate positions. Now it all depends on what rhythm the market really wants to follow.
My principle is simple: only trade charts I can see clearly. No matter how others shout or try to set the pace, I stick to my own approach. If I make mistakes, I accept them without grievance, review and learn, and continue next time.
Currently, on the hourly chart, the 915 level for BTC has formed quite a bit of resistance. It would be even better if it can push above tonight, but honestly, the space isn't much; 930 is probably the ceiling. The real key level is still 892. After breaking through 905 previously, every dip back to 892 has rebounded, and last time it shot up directly to 947. So if tonight it tests 892 again and breaks below, the continuation of this rebound will be highly questionable.
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