Looking at where Bitcoin currently stands, we need to identify the support and resistance levels.
On the support side, there are three levels. First is the short-term strong support at $93,000. If that breaks, the mid-term key support is at $87,000, which requires close attention. The last line of defense is at $80,000, which is essentially the bottom line.
Conversely, on the resistance side, the short-term resistance is around $97,000, which is the 61.8% Fibonacci retracement level. Yesterday's rally faced resistance here and pulled back. Going higher, there is a stronger resistance at $107,000. On December 1st, we failed to break through this level, so it has become a dense area of bearish pressure. To break through, a significant momentum is needed.
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Layer3Dreamer
· 17h ago
theoretically speaking, if we model these support/resistance levels as recursive state checkpoints across the price action timeline... the fibonacci 61.8% pullback at 9.7k feels like a cross-rollup verification problem—each level's strength depends on the cumulative liquidity vectors feeding into it, right?
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governance_ghost
· 01-07 14:30
93,000 breaking through is really a big deal. Staring at this level now is too boring. Anyway, 107,000 is the real tough nut to crack.
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MicroscopicVivi
· 01-05 14:33
It still feels like the market can't go up, even after supporting for so long, there's still a lack of momentum for a strong push.
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WhaleMinion
· 01-05 09:55
97,000 cards have been stuck for so long; I feel like a rebound is necessary.
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GasGuzzler
· 01-05 09:49
9.3万又要破了,这次真的感觉有点悬
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ArbitrageBot
· 01-05 09:29
93,000 breaking below means we have to look at 87,000, 80,000 is the real bottom line, don't fall further.
Looking at where Bitcoin currently stands, we need to identify the support and resistance levels.
On the support side, there are three levels. First is the short-term strong support at $93,000. If that breaks, the mid-term key support is at $87,000, which requires close attention. The last line of defense is at $80,000, which is essentially the bottom line.
Conversely, on the resistance side, the short-term resistance is around $97,000, which is the 61.8% Fibonacci retracement level. Yesterday's rally faced resistance here and pulled back. Going higher, there is a stronger resistance at $107,000. On December 1st, we failed to break through this level, so it has become a dense area of bearish pressure. To break through, a significant momentum is needed.