Recently, Bitcoin's trend has been quite interesting. The surge yesterday directly broke through the 90500 level, even reaching around 90800. But then it pulled back to test the 89500 line—which was previously a resistance level—and now that it has been touched, it can be considered a confirmation.
Currently, the market is stuck oscillating between 89500 and 90500. Everyone understands the issues over the weekend; liquidity is relatively thin, so we can only wait for market signals. However, a good piece of news is that Bitcoin has stabilized near the 90000 round number, which usually indicates that there might be a new wave of upward momentum coming.
From a daily chart perspective, this sideways accumulation pattern could push the price up to at least 94000. I personally am optimistic about this trend and added to my position yesterday. The next step is to see if it can successfully break through the resistance above 90500.
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OnChain_Detective
· 01-06 02:03
ngl this retest at 89500 is giving me pause... let me pull the on-chain data real quick before we celebrate that 90k hold. wallet clustering around those levels looks... sus tbh
Reply0
JustAnotherWallet
· 01-05 20:31
The 90,000 level is really a bit sticky, but it feels like breaking below is only a matter of time.
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DegenWhisperer
· 01-05 13:03
If 90500 can't be broken, I will cut the meat
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ShamedApeSeller
· 01-05 04:38
If you can't break through this point at 90500, you'll have to keep eating noodles.
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ForkTongue
· 01-03 05:56
90500 this level is really a bit annoying, trying repeatedly, just won't give a satisfying result
Added positions? I want to too, but I just ran out of bullets haha
The liquidity over the weekend is indeed scarce, I think we're just waiting to be cut
94000? Are your expectations a bit too optimistic?
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PerpetualLonger
· 01-03 05:50
It's the same old story, adding positions, adding positions, adding positions, then layering on more later.
When the bears come, it's blamed on liquidity; when it rises, it's called accumulation. Sounds so convincing, brother.
Stabilizing at 90,000? I thought so yesterday too. Now I'm completely wiped out.
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GasFeeCryBaby
· 01-03 05:36
Has the 90,000 level been stabilized? Wake up, brother. With such poor liquidity over the weekend, you're still adding positions. This move is a bit risky.
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TokenVelocityTrauma
· 01-03 05:34
90,000 is indeed a psychological level, but I think the liquidity is terrible over the weekend. Let's wait until Monday.
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MemeKingNFT
· 01-03 05:28
It's the same old oscillation routine again, the 90000 level is really being worshipped as a deity
Adding positions might be a bit early, this weekend with thin liquidity... don't you have a sense of timing?
94000? Let the bullets fly for a while first, don't turn into a story of being a leek again
If we can't break through 90500, then we'll admit defeat. I’ve learned to be smart this time
Listening to the sideways accumulation talk until my ears are calloused, and every time it's the same, but what’s the result?
Standing firm at the round number level, I've been hearing that since 2020, the market speaks for itself now
But on the other hand, this wave is indeed a bit interesting, the confirmation at 89500 still has value
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CommunityWorker
· 01-03 05:28
Once 90,000 stabilizes, it will be comfortable; waiting for a breakdown.
Recently, Bitcoin's trend has been quite interesting. The surge yesterday directly broke through the 90500 level, even reaching around 90800. But then it pulled back to test the 89500 line—which was previously a resistance level—and now that it has been touched, it can be considered a confirmation.
Currently, the market is stuck oscillating between 89500 and 90500. Everyone understands the issues over the weekend; liquidity is relatively thin, so we can only wait for market signals. However, a good piece of news is that Bitcoin has stabilized near the 90000 round number, which usually indicates that there might be a new wave of upward momentum coming.
From a daily chart perspective, this sideways accumulation pattern could push the price up to at least 94000. I personally am optimistic about this trend and added to my position yesterday. The next step is to see if it can successfully break through the resistance above 90500.