2026-01-06 23:48:40

Market moved fast—price action broke down just moments ago. Managed to catch some solid short entries in the group, and those positions are now hitting their profit targets.

The key focus right now is whether BTC can hold above the daily EMA50 and maintain the 92k support level. This is crucial for the next leg of price movement. If we lose that zone, things could get interesting.

Meanwhile, altcoins remain under pressure and could potentially retest previous gaps lower. However, that's secondary to what's happening with Bitcoin right now. The broader market sentiment hinges on BTC's ability to hold these critical technical levels in the coming hours.

BTC0,04%

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.

8 Likes

Reward
8
6
Repost
Share

Comment

0/400

RektRecorder

· 01-07 18:51

If the 92k barrier is broken, the bears will be thrilled.

View OriginalReply0

TokenomicsTrapper

· 01-07 14:38

lol "solid short entries" right before the classic exit pump pattern hits... watched this exact playbook unfold like three times last cycle. if you read the contract vesting schedules actually, things get way more predictable ngl

Reply0

YieldHunter

· 01-07 00:18

honestly if you're still watching 92k like it actually matters... the data tells a different story lmao. correlation coefficient between btc holds and altcoin survivorship? technically speaking, pretty weak tbh

Reply0

liquiditea_sipper

· 01-07 00:12

Breaking 92k really makes a big difference. If it falls below, it feels like the bears are going to feast big.

View OriginalReply0

NotFinancialAdvice

· 01-07 00:02

If you can hold 92k, you win; if it breaks, let's just watch the show...

View OriginalReply0

LiquidatedThrice