Previously, when Bitcoin was stuck at the 90,000 resistance level, the multi-timeframe analysis showed a bearish structure, so maintaining a short-term bearish view was correct. But on the 3rd, after the price broke through 90,000 directly, we decisively adjusted our approach to bullish—this is following the trend, adjusting strategies based on structural changes rather than stubbornly sticking to one direction.



Trading is like this: do what the market shows, follow the price movements, and don't guess where it will go next.

Now that the first resistance has been broken, according to previous technical analysis, Bitcoin is likely to push toward higher highs. Breaking 94,000, or moving upward in equal intervals, are both possible. The specific path will still depend on the market performance.
BTC-1,56%
View Original
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.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
LayerZeroHerovip
· 01-05 16:24
That breaking point at 90,000 was truly a turning point. Some people are still debating the bearish logic, but they've already been knocked out.
View OriginalReply0
ContractTearjerkervip
· 01-05 06:48
Breaking the level is a signal; there's no need to fuss over the direction. I agree with this point.
View OriginalReply0
DaoGovernanceOfficervip
· 01-05 06:30
empirically speaking, the data on trader conviction flip-flops suggests most people are just following price action with zero framework... *sigh* where's the governance mechanism for your own decision-making process here?
Reply0
LiquidatedThricevip
· 01-05 06:29
That's right, the 90,000 wave indeed had a clear bearish structure, but a break is a break. Changing the mindset is not wrong at all. It's much better than stubbornly sticking to the rules.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)