The recent rally looks pretty strong, but I want to remind everyone—this is just a rebound, not a reversal yet. A true reversal won't be confirmed until it breaks above 106,000.
Let's talk about the difference between these two concepts. A genuine reversal refers to a change in the overall trend, whereas this current market movement is actually a recovery from the oversold condition after the November dip to 80,600. Under normal circumstances, this rebound should have completed by December, but most of December was spent sideways, so the rebound now appears somewhat delayed.
The key levels for BTC during this phase are crucial. The 94,000 level corresponds to the 0.50 Fibonacci retracement, and 97,150 is the 0.618 level. Whether it can continue upward depends mainly on how these two resistance levels are broken.
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ProveMyZK
· 01-07 05:41
A rebound is still a long way off, don't get too excited everyone.
106,000 is the real dividing line. This wave is purely corrective.
The hurdles at 94,000 and 97,150 need to be watched closely. If they can't be broken, it might just range sideways again.
Waiting passively in December is just ridiculous.
Fibonacci doesn't lie; the question is whether we can break through smoothly.
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HodlTheDoor
· 01-05 07:51
Rebound is a rebound, 106000 is the watershed point. It's still a bit early to get excited now.
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The two thresholds at 94000 and 97150 are indeed critical. It all depends on whether BTC can push through them.
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To put it simply, it's a recovery phase. Don't be blinded by this wave of gains. I still prefer to wait for a new high before celebrating.
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The Fibonacci levels are tightly locked in. Only a breakthrough this time will be promising; otherwise, we still have to endure.
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After such a long sideways movement in December, the pace has indeed been a bit sluggish. It feels like this rebound is slow.
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Before 106000, don't talk about a reversal. It's just the spring being compressed and bouncing back.
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The key is whether 97150 can be taken. Otherwise, it might fall back down to grind.
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Recovery ≠ Reversal. This logic must be clear. Many people tend to confuse the two.
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SoliditySurvivor
· 01-05 07:50
It's still early for 106000. It's too optimistic to talk about a reversal now.
In my opinion, it still depends on whether 94000 can hold steady; otherwise, it's all pointless.
Damn, waiting for a breakdown again. When can I finally enjoy a good run?
Fibonacci tools are just about luck; they aren't always accurate.
December's sideways trading is really annoying and a waste of time.
97150 is the real test; if it can't break through, it will continue to fall.
Instead of guessing a reversal, it's better to hold at 97150 and see what happens.
A rebound ≠ a reversal. There's nothing wrong with that statement.
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rugdoc.eth
· 01-05 07:37
If 106000 can't be broken, we'll just continue to fluctuate, don't rush
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That's right, the rebound and reversal are still far apart, this wave is just a correction
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Did 94000 and 97150 hold firm? Now that's something
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After such a long sideways movement in December, I almost forgot what it feels like to rise
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Waiting again to break 106000, feels like this day will be long
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RugPullAlertBot
· 01-05 07:36
Rebound and reversal, these two words are indeed easy to confuse.
Wait, can 106000 really be called a reversal? It feels even higher.
The two thresholds at 94000 and 97150, if they can't be broken, we have to turn back.
December's sideways trading was truly a waste of time; now we're catching up on progress.
Is it considered a rebound only above 106000? Then I won't panic for now.
The rebound of the rebound, in the end, still tests your mindset.
Fibonacci tools can be quite effective sometimes, and at other times, it's all nonsense.
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BearHugger
· 01-05 07:29
Still talking about reversals, I don't understand why these people keep shouting about the bottom every day.
If 94,000 can't be broken, don't get so excited.
The lagging rebound is really disgusting; that sideways movement in December was truly the worst.
Let's talk again when we reach 106,000; right now, it's all just fake.
If 97,150 can't be broken, we'll admit defeat; there's nothing interesting to see.
The recent rally looks pretty strong, but I want to remind everyone—this is just a rebound, not a reversal yet. A true reversal won't be confirmed until it breaks above 106,000.
Let's talk about the difference between these two concepts. A genuine reversal refers to a change in the overall trend, whereas this current market movement is actually a recovery from the oversold condition after the November dip to 80,600. Under normal circumstances, this rebound should have completed by December, but most of December was spent sideways, so the rebound now appears somewhat delayed.
The key levels for BTC during this phase are crucial. The 94,000 level corresponds to the 0.50 Fibonacci retracement, and 97,150 is the 0.618 level. Whether it can continue upward depends mainly on how these two resistance levels are broken.