Bitcoin surged near 95,000 yesterday but faced resistance. From the chart, the consolidation above is almost complete, and at this stage, attention should instead be on the pullback opportunities.
My idea is: today focus on the 93,500 to 94,000 range, and consider entering short positions in stages. If it breaks down, the target would be around 90,500. This wave of decline should be relatively sharp.
Ethereum also needs to be closely watched, as it usually follows the trend of Bitcoin.
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RektRecorder
· 20h ago
I'm also waiting at the 93500 level, but I feel like we won't know until it breaks through.
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CountdownToBroke
· 01-08 10:17
95000 still can't break through, feels like I need to wash it again.
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AltcoinMarathoner
· 01-07 06:54
just like mile 20 in a marathon, this consolidation around 95k is exactly where most runners hit the wall. the pullback to 93.5-94k feels inevitable honestly... been through enough cycles to know when we're building for a proper flush
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WhaleWatcher
· 01-07 06:52
The 95k level is indeed a bit risky, I'm also watching the 93,500 level.
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0xLostKey
· 01-07 06:51
95000 this level is indeed fierce, it looks like an adjustment is coming
93500-94000 I am also watching, but I want to wait a bit longer before taking action
When Bitcoin leads the trend, what can Ethereum do? Just follow along
There are ideas for short positions, but can it really drop to 90500 this wave? It's a bit uncertain
Will this breakdown be a false move again? I'm really hesitant to bet on it
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NftBankruptcyClub
· 01-07 06:49
Shorting this wave is a bit early; the 95,000 resistance level hasn't been truly broken yet.
Bitcoin surged near 95,000 yesterday but faced resistance. From the chart, the consolidation above is almost complete, and at this stage, attention should instead be on the pullback opportunities.
My idea is: today focus on the 93,500 to 94,000 range, and consider entering short positions in stages. If it breaks down, the target would be around 90,500. This wave of decline should be relatively sharp.
Ethereum also needs to be closely watched, as it usually follows the trend of Bitcoin.