Market Observation for January 12: Bitcoin continues its gradual upward trend this week. On the weekly chart, it started to correct from around 94,760 last week. Although it tested lows multiple times, it has held above support levels, and now it is rebounding—indicating that the bulls still have strength.
On the four-hour K-line, the MACD indicator shows signs of a bullish crossover at low levels, a clear signal that the market is stabilizing and warming up. The hourly chart is even more straightforward: the bullish momentum continues to expand, and the upward driving force is quite strong. There are no clear signs of a correction for now. Market enthusiasm is good, so you can consider long positions accordingly.
Trading suggestion: Focus on long positions around 91,300 and 90,700, with targets near 92,500 and 93,500.
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OPsychology
· 3h ago
Holding onto 94760 is a good signal, the bulls still have a chance.
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ETH_Maxi_Taxi
· 3h ago
The golden cross is here again. Can we hold it this time? It feels like I say this every time.
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HappyMinerUncle
· 3h ago
Holding the support is a good sign, this bullish momentum still has strength, and the low-level golden cross also confirms it. Going with the trend and positioning is definitely the right move.
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It's both a MACD golden cross and upward momentum, but I'm more concerned about whether we can really break through 93500.
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The hourly chart is so strong, is this not a false breakout this time? I’m a bit tempted to follow, but I still need to see if the weekly chart can stabilize.
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The bulls are gaining strength, and the rebound is back. Does this rhythm sound familiar? I'm waiting to be proven wrong.
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Positioning around 90700 is a strategy, but I don’t know if it will drop again to test people's resolve.
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The market is warming up with good enthusiasm, but I've seen this kind of signal too many times. Can it not be the same as before?
Market Observation for January 12: Bitcoin continues its gradual upward trend this week. On the weekly chart, it started to correct from around 94,760 last week. Although it tested lows multiple times, it has held above support levels, and now it is rebounding—indicating that the bulls still have strength.
On the four-hour K-line, the MACD indicator shows signs of a bullish crossover at low levels, a clear signal that the market is stabilizing and warming up. The hourly chart is even more straightforward: the bullish momentum continues to expand, and the upward driving force is quite strong. There are no clear signs of a correction for now. Market enthusiasm is good, so you can consider long positions accordingly.
Trading suggestion: Focus on long positions around 91,300 and 90,700, with targets near 92,500 and 93,500.
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