Bitcoin yesterday directly dropped to the key bottom at 90,000, then rebounded consecutively in the early hours. After reaching a high of around 92,200, it started to face resistance. Currently, the price is hovering around 91,200 with repeated fluctuations, showing no clear direction.
In the short term, the market is trapped in a range-bound consolidation, but the successive lower highs during this rebound are a warning sign. The market sentiment is relatively weak and not very optimistic. The trading approach is: first monitor the performance at resistance levels, and once it hits resistance above, consider looking downward. Wait for the bottom to stabilize before seeking opportunities for a rebound.
Specific references: For short positions, consider the range of 91,500-92,000, with targets at 90,300-89,800. For short positions around 3,125-3,150, with targets near 3,060-3,035.
In terms of operations, it's best to wait for confirmation and avoid being too aggressive.
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YieldWhisperer
· 12m ago
nah the math on these support levels actually doesn't check out... lower highs every bounce is textbook death spiral pattern, saw this exact setup in 2021 before things got messy
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TestnetScholar
· 01-13 01:40
The highs are getting lower each time, which is like a lesson for us... Still need to wait, don't rush to catch the bottom, it seems like there will still be some volatility for a while.
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AltcoinMarathoner
· 01-13 01:40
just like mile 20 in a marathon, this 90k bounce is where most sprinters tap out. watching the lower highs — that's the real tell. accumulation phase incoming, patience wins races.
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PoetryOnChain
· 01-13 01:38
The highs are getting lower each time; this rhythm feels off. Be careful.
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GhostAddressMiner
· 01-13 01:37
High points are getting lower each time? Hmm, isn't this the standard signal before a dump? I checked the on-chain footprints of several big players, and the rebound from the 90,000 level is so weak. It looks like the last straw for the bulls.
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ser_ngmi
· 01-13 01:26
The highs are getting lower each time. Isn't that telling us to reduce our positions?
#策略性加码BTC Tuesday Morning Market Quick Recap
Bitcoin yesterday directly dropped to the key bottom at 90,000, then rebounded consecutively in the early hours. After reaching a high of around 92,200, it started to face resistance. Currently, the price is hovering around 91,200 with repeated fluctuations, showing no clear direction.
In the short term, the market is trapped in a range-bound consolidation, but the successive lower highs during this rebound are a warning sign. The market sentiment is relatively weak and not very optimistic. The trading approach is: first monitor the performance at resistance levels, and once it hits resistance above, consider looking downward. Wait for the bottom to stabilize before seeking opportunities for a rebound.
Specific references:
For short positions, consider the range of 91,500-92,000, with targets at 90,300-89,800.
For short positions around 3,125-3,150, with targets near 3,060-3,035.
In terms of operations, it's best to wait for confirmation and avoid being too aggressive.