BTC recently approached around $95,000. This wave of market movement looks like a fairly regular head and shoulders bottom pattern. But does this mean it's about to skyrocket? I don't think so.



In the short term, the technical signals actually lean towards caution. The next wave of correction is quite likely, and the support level will probably come around $90,000.

So my current approach is to look for shorting opportunities near $94,000, with a stop-loss placed above $95,000. By the way, assets like gold and silver are also consolidating sideways now, facing similar short-term pressure.

The key level to watch is the $95,000 mark. Once BTC can break through with increased volume, the bullish momentum will significantly strengthen, and the next target could be $102,000. But if it gets repeatedly suppressed here, be prepared for a correction, and shift your outlook to more bearish.

At this stage, the main strategy is to short on rallies. The market isn't fully optimistic yet, so it's always better to be cautious.
BTC0,12%
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.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
SerumSquirrelvip
· 01-08 12:29
Head and shoulders bottom? It looks more like a big pit to me, with 95,000 ready to be smashed at any time. --- Trying to short on rallies is still too conservative. Just wait to be repeatedly cut. --- Is the support at 90,000 really that solid? What did we say last time it broke? --- The number 102,000 sounds unrealistic. Let’s survive past 95,000 first. --- Gold and silver are also facing sideways pressure... There must be something behind the scenes shorting. --- Short at 94,000 with a stop-loss above 95,000. Is there really enough room to make a profit? --- Don’t make it so complicated. Just ask if 95,000 can be broken. If it breaks, break more; if not, just run. --- Is the technical outlook cautious? I see everyone online shouting for a push to 102,000. Are you trying to catch a flying knife? --- People shorting on rallies are probably already exhausted from losses. Ultimately, it’s all about the news. --- If this correction really drops to 90,000, that’s a great opportunity to get in.
View OriginalReply0
FloorSweepervip
· 01-06 12:52
nah this head and shoulders narrative is exactly what normies fall for every time lol
Reply0
AirdropDreamBreakervip
· 01-06 12:50
Now you want to take off at 95,000? That's too naive, brother. This level is a trap. The head and shoulders bottom look good, but I think it still needs to fall back to 90,000 to feel secure. Short at every high; as long as it doesn't break 95,000, it will need to adjust. The technical aspect is actually a warning signal. Is anyone paying attention? This wave depends on whether it can break through 102,000; if it doesn't, just wait to cut losses. Being cautious is not wrong; those greedy have already lost everything. The 95,000 resistance level is very critical; it determines how to proceed later. I choose to short at high levels; even if I lose, I can only accept it. This time, it might not be so easy to hit a new high.
View OriginalReply0
FancyResearchLabvip
· 01-06 12:44
Another beautiful head and shoulders bottom, theoretically it should work, but in reality it still depends on whether the 95,000 level can truly break through. Luban No.7 is under construction again, let's try this shorting trap first, what if I get locked inside again? The support level at $90,000 is a bit interesting, how about we do a little experiment and see how low it can go this time? If it can't break through, it will pull back. This logic isn't bad, but executing it easily gets funds stuck. Gold and silver are also in sideways trading? Fine, now I understand—everyone is waiting for a breakout signal. However, this cautious shorting approach sounds more reliable than the previous "inevitable rise" theory.
View OriginalReply0
MevHuntervip
· 01-06 12:28
95000 is indeed a tough barrier. I also think this rebound is a bit weak. Let's wait and see if it can break through. If it can't, I'll have to run.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)