Yesterday's market moved from 93,000 up to around 94,400, then dropped back down to around 91,200. Overall, it remains in a volatile rhythm.
From the daily chart, the five consecutive bullish days have been broken. The lowest point was at 91,200, which just filled the CME gap. After filling the gap, the market surged again, indicating there is no urgent need for a waterfall decline, and it will likely continue to oscillate and adjust, accumulating strength for the final push. In the short term, it’s also evident that each time the price dips near the moving average, support appears and rebounds. Based on this, after today’s consolidation, the market should continue to rise this week unless there is a clear and sharp sell-off indicating a top. So, the current strategy is to look for buying opportunities on dips.
Specific levels: 91,500-92,000 can be considered for long entries. First resistance is at 94,000-94,500, then above that is around 96,000.
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FastLeaver
· 19h ago
Around 91,500, there's more buying again. This wave of volatility is a bit annoying.
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RamenDeFiSurvivor
· 01-08 16:17
A quick rebound after filling the gap, this rhythm feels a bit familiar, and it's about to start gathering strength again.
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NFTregretter
· 01-07 06:56
91200 Nabo gap fill is really clean, indicating that the bulls still have ideas.
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BridgeTrustFund
· 01-07 06:55
Once the 91,200 gap is filled, you'll know there's still more upward pressure.
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GasGuzzler
· 01-07 06:53
91200 That wave is really solid; the gap should continue to be filled and move higher.
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LiquidityHunter
· 01-07 06:50
91200 that wave indeed didn't break through, the gap was repaired and then rebounded, this rhythm still needs to continue bullish.
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0xDreamChaser
· 01-07 06:44
Gap repair is coming up, this trick is quite slick. I've been lying in wait around 92,000 for a while.
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DeFiAlchemist
· 01-07 06:41
ngl this cme gap fill at 91200 feels like the market's performing its own transmutation ritual... the algorithm keeps whispering buy signals at every dip to the ma, almost too perfectly orchestrated? 92k-91.5k zone screaming efficiency to me, risk-adjusted entry point giving off philosopher's stone vibes fr
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StakeOrRegret
· 01-07 06:38
91200 saved the day again, is the gap about to be filled and take off? I want to believe a little but don't dare to fully trust.
Yesterday's market moved from 93,000 up to around 94,400, then dropped back down to around 91,200. Overall, it remains in a volatile rhythm.
From the daily chart, the five consecutive bullish days have been broken. The lowest point was at 91,200, which just filled the CME gap. After filling the gap, the market surged again, indicating there is no urgent need for a waterfall decline, and it will likely continue to oscillate and adjust, accumulating strength for the final push. In the short term, it’s also evident that each time the price dips near the moving average, support appears and rebounds. Based on this, after today’s consolidation, the market should continue to rise this week unless there is a clear and sharp sell-off indicating a top. So, the current strategy is to look for buying opportunities on dips.
Specific levels: 91,500-92,000 can be considered for long entries. First resistance is at 94,000-94,500, then above that is around 96,000.
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