On the morning of January 11th, Bitcoin price fluctuated around $90,540, with a 24-hour decline of only 0.28%, showing a relatively resilient overall performance. From a technical perspective, the price repeatedly oscillated within the range of $90,126 to $90,833, with the $90,000 psychological level maintaining effective support, and the upward resistance point at $91,000.
In the short term, the trend exhibits clear oscillation characteristics and has not formed a one-sided market. The bullish and bearish forces are still tugging, and market participants are waiting for a breakout signal. Based on the current technical pattern, a rebound today is more likely, but breaking through the resistance level still requires additional capital inflow.
For short-term traders, it is important to focus on the effectiveness of the $90,000 support and whether the price can push towards $91,000. Volatility in the crypto market remains quite active at this price level.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
4
Repost
Share
Comment
0/400
fork_in_the_road
· 01-11 01:56
Still dithering around the 90,000 level? Wait for incremental funds, there's no way it will break through with this kind of thing.
---
Just fluctuate if you want, I'm just lying back and watching the show, waiting for which side breaks first.
---
$91,000? Dream on... It also depends on whether there's a sucker willing to buy in and push it up.
---
Support? I think it's just giving the shorts a chance to catch their breath.
---
This kind of market is the most annoying, neither bulls nor bears feel much, when will we see a decisive move?
---
The round number at 90,000 is just a joke; real support is below.
---
To the short-term traders, good luck... Anyway, I don't touch this kind of choppy market.
---
It seems like it depends on institutional push; retail investors should just watch quietly.
View OriginalReply0
StakeWhisperer
· 01-11 01:56
90,000 is a barrier that no one dares to break through, retail investors are squeezed to the point of collapse.
Another day of agony, where did all the funds go?
It feels more exhausting waiting for a breakout signal than trading itself.
Is 91,000 really that difficult? It's frustrating to watch.
The oscillation range is just a breeding ground for chopping the leeks.
Support is still support, but it can't be broken through.
The tug-of-war between bulls and bears, ordinary people suffer the most.
This trend is a torturous pattern of neither rising nor falling.
The market is testing the waters, wait for incremental funds to step in.
View OriginalReply0
ForkItAll
· 01-11 01:48
Will we be able to hold above 90,000 today? Otherwise, it's just a false breakout.
Waiting for additional funds, I wonder when that will happen.
Short-term consolidation is really annoying; let's wait for a clear signal.
Is 91,000 really that difficult? Feels like we've been stuck for a long time.
If this wave of volatility continues, small retail investors' stop-losses will all be triggered.
View OriginalReply0
NFTRegretful
· 01-11 01:48
I feel like this level of 90,000 can be held, but breaking through 91,000 will probably have to wait for additional capital inflows.
Waiting for incremental funds; right now, it's just bulls and bears testing each other.
The fluctuation range is narrow, leaving little room for operation.
Playing with fire at this price level in the short term requires good stop-loss management.
Market activity is decent, but there are no decisive signals.
Watching closely; if 90,000 breaks, then we'll see.
On the morning of January 11th, Bitcoin price fluctuated around $90,540, with a 24-hour decline of only 0.28%, showing a relatively resilient overall performance. From a technical perspective, the price repeatedly oscillated within the range of $90,126 to $90,833, with the $90,000 psychological level maintaining effective support, and the upward resistance point at $91,000.
In the short term, the trend exhibits clear oscillation characteristics and has not formed a one-sided market. The bullish and bearish forces are still tugging, and market participants are waiting for a breakout signal. Based on the current technical pattern, a rebound today is more likely, but breaking through the resistance level still requires additional capital inflow.
For short-term traders, it is important to focus on the effectiveness of the $90,000 support and whether the price can push towards $91,000. Volatility in the crypto market remains quite active at this price level.