Bitcoin's current market trend is quite interesting——from a fierce attack at the beginning of the year to now, the price is repeatedly testing the $90,000 level. It's like a sprinter finishing a 100-meter dash, gasping for breath and looking for the balance point. The market is now in a delicate stalemate, with the bulls unable to push further and the bears reluctant to dump.
The most fascinating aspect is the traders' mindset. Everyone is pondering the gains already in the bag while closely watching today’s U.S. Supreme Court decision. Such policy developments often can change the short-term rhythm of the market, and no one can say whether it will be the last straw that breaks the camel’s back.
From a technical perspective, bulls and bears are confronting each other at key support levels, with small probing moves ongoing. Both sides are waiting for a clear directional signal. Once a consensus is formed, a major move could be imminent. Currently, this position either signifies a buildup or a turning point, depending on how the next few days unfold.
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GasFeeAssassin
· 01-11 06:08
90,000 really got stuck, feels like it could break at any moment
Waiting for the Supreme Court ruling, critical moments often come just like this
After grinding for so long, either a meteoric rise or a direct crash through, there's no third option
This rhythm is torturous, I've already started counting the candlesticks
The support level is indeed a bit shaky, feels like something's going to happen
Those who prefer to secure profits should have already relaxed, I'm still betting on the direction
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OnChainDetective
· 01-11 05:26
The $90,000 position is indeed being quietly accumulated by whales. I just tracked a few large transfers, and there were suspicious interactions from institutional addresses again this morning. Something doesn't feel right.
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OptionWhisperer
· 01-08 17:47
90,000 is really a tough barrier, it feels like the bulls are a bit exhausted.
The court ruling is crucial; if it turns against us this time, it's all over.
Let's wait for a clear signal; anything we say now is pointless.
Whether it's accumulation or a reversal, we'll see in the next few days.
Securing profits is the best, above all else.
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DegenMcsleepless
· 01-08 17:36
The 90,000 level is really a dead end; the bulls are exhausted, and the bears are also out of energy.
If the court ruling had come down, it would have been the end. Right now, no one dares to make a move.
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LiquiditySurfer
· 01-08 17:34
$90,000 card has been stuck for so long. I think we still need to wait for the court ruling to see clearly.
Honestly hold the coins, don't think about bottom fishing or catching the top.
With this stalemate, it shows that the market hasn't decided yet.
Bitcoin's current market trend is quite interesting——from a fierce attack at the beginning of the year to now, the price is repeatedly testing the $90,000 level. It's like a sprinter finishing a 100-meter dash, gasping for breath and looking for the balance point. The market is now in a delicate stalemate, with the bulls unable to push further and the bears reluctant to dump.
The most fascinating aspect is the traders' mindset. Everyone is pondering the gains already in the bag while closely watching today’s U.S. Supreme Court decision. Such policy developments often can change the short-term rhythm of the market, and no one can say whether it will be the last straw that breaks the camel’s back.
From a technical perspective, bulls and bears are confronting each other at key support levels, with small probing moves ongoing. Both sides are waiting for a clear directional signal. Once a consensus is formed, a major move could be imminent. Currently, this position either signifies a buildup or a turning point, depending on how the next few days unfold.