Bitcoin's slight correction yesterday was actually a consolidation, forming a small-scale movement center, which laid the foundation for this morning's breakout.
My previous judgment was that it would first stabilize and break through the 93,000 level, mainly based on the 160-day moving average on the 10-hour cycle — this is the first key resistance. Now that it has broken above, the next focus is very clear: whether it can stay stable.
If this level can hold, the next observation point shifts to around 95,000. This coincides with the 80-day moving average on the daily chart, which is a typical pattern of medium-term support turning into resistance. Breaking through this point will be very critical.
In simple terms, it’s now about testing the strength of the short-term breakout, then gradually aiming for higher targets.
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ZKSherlock
· 01-06 12:02
actually... these moving average crossovers are just pattern matching on historical data, right? like the 160-day MA at 93k works until it doesn't. what's the actual trust assumption here—that past volatility predicts future price action? seems like exactly the kind of heuristic that breaks down when you need it most tbh
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SnapshotBot
· 01-05 06:56
How to say that 93,000 has stabilized, can it break 95? I have no confidence.
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MergeConflict
· 01-05 06:56
93,000 holds steady and then heads straight to 95,000, feels like this wave is a bit fierce
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Breaking through resistance levels, honestly, still depends on volume; relying solely on moving averages... feels a bit虚虚
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It's both consolidation and a central zone, every time I say this, then it drops,套路了
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10-hour 160-day moving average? Bro, I haven't really tried this indicator combination before, feels a bit flashy
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I'm not too optimistic about the 95,000 resistance; historically, it has been stuck there several times
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Right now, it's definitely a testing period; either a breakout or a death
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Holding steady at 93,000 is already tough, and thinking about 95,000... it's premature to say
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Tired of hearing about medium-term support turning into resistance; key still depends on market sentiment
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Alright, just waiting to see if it can break through 95, betting on it
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This analysis is clear, just not sure if there will be another sharp dip to slap in the face
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tx_pending_forever
· 01-05 06:41
If I can't hold on to 93,000, I'll just laugh. Here comes another good show.
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ThatsNotARugPull
· 01-05 06:30
93,000 has been reached, but whether it can be maintained is the real question; don't let it drop again.
Bitcoin's slight correction yesterday was actually a consolidation, forming a small-scale movement center, which laid the foundation for this morning's breakout.
My previous judgment was that it would first stabilize and break through the 93,000 level, mainly based on the 160-day moving average on the 10-hour cycle — this is the first key resistance. Now that it has broken above, the next focus is very clear: whether it can stay stable.
If this level can hold, the next observation point shifts to around 95,000. This coincides with the 80-day moving average on the daily chart, which is a typical pattern of medium-term support turning into resistance. Breaking through this point will be very critical.
In simple terms, it’s now about testing the strength of the short-term breakout, then gradually aiming for higher targets.