BTC current price is 95241.94 USDT, with a 24-hour increase of only 0.29%, and volatility has contracted to 1.15%. Weekend trading is light, and the price is in a typical sideways digestion pattern, but don’t be fooled by this calm—there are actually hidden reversal signals on the hourly chart.
The key level is at 94760 USDT. This is the confirmation point after the previous high retest. Although it has been tested multiple times recently, each rebound has been weaker, and buying interest is clearly insufficient. From the hourly chart, the price is barely holding above this level, but the moving averages have not yet formed a clear trend direction. In other words, neither bulls nor bears have gained decisive pricing power.
Looking upward, the 98000 USDT zone faces heavy resistance. The 0.382 retracement level on the four-hour chart and the upper boundary of the six-hour channel stack together as multiple hurdles. To break through, volume must support the move; otherwise, a rally could just be a prelude to a pullback.
Looking downward, support levels are clearly laid out—first and foremost is 94760. If it truly breaks, the daily MA20 dynamic support will take over, and further down is the 92000-93000 range at the bottom of the box.
The current trading strategy is straightforward: 94760 is the dividing line between bulls and bears. Holding above it can expect a second test of 98000; breaking below it, be wary of false breakouts, and a correction with the trend is the safer approach. The hourly volume is somewhat weak, and the rebound momentum is waning. In the short term, the market is more likely to be in a weak consolidation and sideways movement. During such times, the worst thing to do is to recklessly trade within the oscillation.
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NFTBlackHole
· 8h ago
Another such stagnant market, so annoying. Ranging is the easiest way to lose money.
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SchroedingersFrontrun
· 8h ago
This threshold of 94760 feels like it's about to break, the trading volume indeed isn't very strong.
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TokenDustCollector
· 8h ago
94760 can't hold up again and is going to crash. The weekend is so dull that I went to sleep early.
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GasFeeCryBaby
· 8h ago
94760 whether to break or not is really uncertain; I bet the hourly chart still has to struggle for a while.
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OnchainHolmes
· 8h ago
94760, if I can't hold this line, I give up. Anyway, weekends are always like this. Insufficient volume indicates that no one really wants to take over.
BTC current price is 95241.94 USDT, with a 24-hour increase of only 0.29%, and volatility has contracted to 1.15%. Weekend trading is light, and the price is in a typical sideways digestion pattern, but don’t be fooled by this calm—there are actually hidden reversal signals on the hourly chart.
The key level is at 94760 USDT. This is the confirmation point after the previous high retest. Although it has been tested multiple times recently, each rebound has been weaker, and buying interest is clearly insufficient. From the hourly chart, the price is barely holding above this level, but the moving averages have not yet formed a clear trend direction. In other words, neither bulls nor bears have gained decisive pricing power.
Looking upward, the 98000 USDT zone faces heavy resistance. The 0.382 retracement level on the four-hour chart and the upper boundary of the six-hour channel stack together as multiple hurdles. To break through, volume must support the move; otherwise, a rally could just be a prelude to a pullback.
Looking downward, support levels are clearly laid out—first and foremost is 94760. If it truly breaks, the daily MA20 dynamic support will take over, and further down is the 92000-93000 range at the bottom of the box.
The current trading strategy is straightforward: 94760 is the dividing line between bulls and bears. Holding above it can expect a second test of 98000; breaking below it, be wary of false breakouts, and a correction with the trend is the safer approach. The hourly volume is somewhat weak, and the rebound momentum is waning. In the short term, the market is more likely to be in a weak consolidation and sideways movement. During such times, the worst thing to do is to recklessly trade within the oscillation.