2026-01-02 23:25:38

Why has Bitcoin been unable to break through the 90k barrier for so long? How strong is the market pressure?

From another perspective, can Zcash truly serve as a leading indicator for the market? Based on on-chain data and trading volume, this cryptocurrency's performance is indeed noteworthy.

Speaking of which, are we really facing a significant correction? The speed at which market sentiment shifts from greed to fear can sometimes be so fast that it catches people off guard. Honestly, it's currently difficult to determine the next direction—technical signals are unclear, and the fundamentals also carry uncertainties.

A new year, new atmosphere, but the market's script is still being rewritten.

BTC-0,8%

ZEC-11,51%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

20 Likes

Reward
20
8
Repost
Share

Comment

0/400

GateUser-9f682d4c

· 01-05 22:59

90k this barrier is really tough, every time it gets close it gets knocked down, it's a bit annoying Zcash? Honestly, I haven't paid attention to it at all, everyone is focused on BTC and Ethereum, who cares about this From greed to fear, the momentum is like a roller coaster, my heart can barely keep up, haha The technicals are a mess, the fundamentals are unclear, at this point I can only sit back and watch the show The New Year’s big rally still isn’t cooperating, I bet it will drop first and then rise

View OriginalReply0

LucidSleepwalker

· 01-05 08:13

The 90k level is just a psychological barrier; the funding situation is indeed under great pressure. Zcash? Honestly, it's not that magical. Good data doesn't necessarily mean it can be predicted. Currently, technical and fundamental aspects are at odds, and I really can't make sense of it. Greed to fear can turn in a second—that's exciting. The market is like this; the script is rewritten every day.

View OriginalReply0

TradingNightmare

· 01-04 22:59

This level at 90k is just institutions shaking out, don't overthink it. Zcash? Been around for so long but still has no presence, leading indicators are hilarious. Those entering now are just bagholders, waiting for a big hit. If you're not clear on the technicals, don't make reckless moves. Just hold steady and wait for a rebound. New year, new pitfalls. My wallet already feels it.

View OriginalReply0

UncommonNPC

· 01-04 17:02

90k card position, but we all know this is not the real ceiling ZEC leading indicator? Ha, I can't quite buy that logic... On-chain data looking good ≠ true market prediction, don't over-interpret Speaking of which, the market's emotional shift this time is indeed rapid, going from greed to fear in just a few days, and without any technical signals, it's even harder But to be honest, the more uncertain it is, the more you need to stay calm. Happy New Year, but the market still follows the same old script in a cycle

View OriginalReply0

MoonMathMagic

· 01-02 23:52

90k this threshold is really stuck, it feels like the main players are repeatedly shaking out here. As for Zcash... don't overtrust it as a leading indicator, good-looking data doesn't necessarily mean anything. Greed to fear can really happen in an instant; yesterday we were bragging, and today we're scared away haha. Both technical and fundamental aspects are unclear, this is when the most testing of patience occurs. The new year indeed brings new atmosphere, but I bet this wave of correction won't escape.

View OriginalReply0

PerennialLeek

· 01-02 23:51

90k, this threshold really makes people anxious; it feels like the bulls are losing momentum. As for Zcash, to be honest, I haven't paid much attention, but on-chain data does reveal some clues. I'm really a bit confused now; the shift from greed to fear is happening too quickly, and I can't keep up. Both technical and fundamental aspects can't provide clear answers, so it's quite helpless. Let's wait and see how the market writes this script; anyway, a new pit in the new year.

View OriginalReply0

MoonRocketman

· 01-02 23:46

90K is the key resistance level, RSI has already hit the top, brother, fuel supply is insufficient --- Zcash on-chain data surges, can this signal become a compass for the launch window? Need to keep observing --- Market sentiment has shifted from greed to fear at a speed like an out-of-control rocket. Without a clear trajectory from technicals, it's even harder to judge --- The Bollinger Bands are tightening, a correction is inevitable. The question is whether this pullback is a refuel or a fall? --- A new year, a new script, but BTC is still orbiting close to Earth. Let's wait for the signal to break out of escape velocity

View OriginalReply0

PositionPhobia

· 01-02 23:29

90k is really difficult, with so much capital in the market, it still can't go in Zcash? Not really paying attention, feels like the topic isn't popular enough Right now, it's really uncertain, greed to fear can happen in an instant The technicals are a mess, no one can predict what will happen next Since the New Year, the market hasn't given me a sense of security, still waiting

View OriginalReply0