January 10th

My analysis of some big players' BTC market outlooks varies. Little ones, what do you think?

Below is the full text: The market has reached a critical point around 904.
If it can hold steady here, it can continue to rebound upward.

If it continues downward here, it could drop to 80,000 or even lower. (Yao Qianshuo thinks that when it’s on the verge of a breakout, such a situation is basically unlikely to happen. The reasoning is simple: because it can leverage its position to keep all cryptocurrencies stable, and may even reach new highs.)

So, can it hold steady here? The subsequent analysis is very subjective; you can choose not to read it.
This rally up to 947 looks very much like a fake-out for a couple of reasons: First, the main force behind BTC didn’t accumulate at the bottom but only during the rally, which is rare—usually bottoms are accumulated gradually, not while the price is rising. Second, the rally was rapid and sharp, with five consecutive bullish days on the daily chart. The important support level at 904 didn’t even see a retest or consolidation, which is unusual. Looking at the rallies in April-May 2023, they all involved small pullbacks; slow rises are genuine, while quick rises often lead to liquidations above.