BTC Technical Update | The Wyckoff accumulation pattern is forming. Bitcoin is currently testing the first resistance level, with a target price around $91,800. Whether this key level can be effectively broken will directly determine the potential for subsequent upward movement. From the perspective of the accumulation pattern, the current price action remains within the boundary of the accumulation phase, and it is worth closely monitoring the reaction at this resistance level. The market is awaiting the outcome of this test.
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ChainBrain
· 01-07 11:23
I feel like this threshold at 91,800 needs to be tested multiple times. I've been listening to the Wyckoff theory for a year, but ultimately it depends on how the big funds move.
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unrekt.eth
· 01-06 09:26
If you can't break 91,800, it's over. This is really the last chance.
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Fren_Not_Food
· 01-04 21:48
This threshold of 91,800 really needs to be broken, otherwise this rebound will be doomed.
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SatoshiSherpa
· 01-04 21:48
What should I do if I can't break through 91,800? Do I have to keep holding on?
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BakedCatFanboy
· 01-04 21:31
If you can break through 91800, then I'll believe it; otherwise, it'll just oscillate for half a day again.
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DaoDeveloper
· 01-04 21:23
wyckoff patterns are interesting but honestly the real question is whether this accumulation phase has the on-chain liquidity to sustain a breakout... been digging through some utxo age data and the distribution looks sus imo
BTC Technical Update | The Wyckoff accumulation pattern is forming. Bitcoin is currently testing the first resistance level, with a target price around $91,800. Whether this key level can be effectively broken will directly determine the potential for subsequent upward movement. From the perspective of the accumulation pattern, the current price action remains within the boundary of the accumulation phase, and it is worth closely monitoring the reaction at this resistance level. The market is awaiting the outcome of this test.