BTC is currently fluctuating around $90,800, trapped within a narrow range of 90k to 92k, seemingly accumulating energy in anticipation of a strong upward breakout.
From a technical perspective, it is highly likely that the next two weeks will involve a period of bottoming out. There is a possibility of a pullback to around 88k-89k followed by another round of consolidation, but the overall trend remains upward. On the chart, resistance levels are tightly packed, and institutional funds are quietly building positions. As soon as trading volume increases, it could easily break through directly into the 95k to 97k range.
If positive macroeconomic news appears in conjunction, breaking through the 100k mark is not just a dream. However, risks must also be acknowledged—if ETF outflows continue or a black swan event suddenly occurs, the market may first undergo a correction before considering further upward movement.
Therefore, the strategy should not be too aggressive; avoid going all-in at once. Consider establishing a position with a small amount of capital and patiently wait for technical confirmation signals. This market phase is characterized by sideways accumulation first, followed by an upward move, so maintaining a calm mindset is very important.
What are your thoughts? How are your recent operations progressing?
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LiquidatedThrice
· 01-11 19:48
I believe in bottoming out, but I'm really a bit scared of 88k.
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MagicBean
· 01-11 19:31
Just grind the bottom if you want, anyway I've already laid back, I'll talk when the break happens.
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liquiditea_sipper
· 01-11 19:28
I'm tired of the phrase "bottoming out." Every time, it's about accumulating energy, but it just stays flat for two months.
BTC is currently fluctuating around $90,800, trapped within a narrow range of 90k to 92k, seemingly accumulating energy in anticipation of a strong upward breakout.
From a technical perspective, it is highly likely that the next two weeks will involve a period of bottoming out. There is a possibility of a pullback to around 88k-89k followed by another round of consolidation, but the overall trend remains upward. On the chart, resistance levels are tightly packed, and institutional funds are quietly building positions. As soon as trading volume increases, it could easily break through directly into the 95k to 97k range.
If positive macroeconomic news appears in conjunction, breaking through the 100k mark is not just a dream. However, risks must also be acknowledged—if ETF outflows continue or a black swan event suddenly occurs, the market may first undergo a correction before considering further upward movement.
Therefore, the strategy should not be too aggressive; avoid going all-in at once. Consider establishing a position with a small amount of capital and patiently wait for technical confirmation signals. This market phase is characterized by sideways accumulation first, followed by an upward move, so maintaining a calm mindset is very important.
What are your thoughts? How are your recent operations progressing?