2026-01-06 14:27:20

Looking at this wave of market, Bitcoin's daily chart indeed has that feel. Is the bottoming process really about to end? Based on the current trend, the probability is quite high.

My judgment is this — although there is a possibility of a breakout above, the profit margin isn't that ideal. On the other hand, looking downward, if the market turns around, the potential gains are much larger. At this current position, it's actually suitable to establish a long-term strategy.

The key point is the 96,000 level. As long as it doesn't break through and stabilize above it, the daily chart remains in a range-bound oscillation pattern. There is roughly a ten-thousand-point profit space below, but the question is whether you have the psychological resilience to endure this process.

If you plan to enter the market during the evening session, you can focus on the price range of 9.38 to 9.45, which is suitable for short positions. It mainly depends on your risk appetite and capital management strategy. The market always gives opportunities to those who are prepared.

BTC0,04%

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GasSavingMaster

· 15h ago

96,000 is indeed a critical level that needs to be closely watched, but to be honest, when setting up short positions, the psychological pressure is a bit high, fearing a reverse dump.

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ThesisInvestor

· 01-07 22:45

96,000 is really a hurdle, but to be honest, I've heard this logic of "there's more room to go down" too many times, and in the end, I just get slapped in the face. Psychological preparation is useless; it still depends on how much you can afford to lose.

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ShibaSunglasses

· 01-07 02:40

If the 96,000 level isn't broken, then it still depends on the following. The short position can go up this wave.

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EntryPositionAnalyst

· 01-06 14:42

9.6K hasn't stabilized yet, so we still need to look downward. This psychological preparation is really crucial. --- I've already set up my short positions long ago; let's see how the evening session plays out. --- That's right, long-term is the correct approach. Short-term volatility is really annoying. --- Are you willing to accept a profit space of ten thousand points? I'm a bit hesitant anyway. --- Whether the bottom is likely to be formed or not, let's not rush to conclusions and wait to see the trend. --- I need to keep a close eye on the 9.38 to 9.45 range; there's definitely something about this level. --- Only those who are prepared can eat the meat; those unprepared can just be considered as the chives. --- The range-bound market is killing people with volatility; it's safer to wait for a breakout before taking action.

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Ramen_Until_Rich

· 01-06 14:42

96,000, if you haven't stabilized above this level, don't expect much, a drop is just space.

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BoredRiceBall

· 01-06 14:38

96,000 really hit a wall here, can't dare to bet higher

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MEVictim

· 01-06 14:36

96,000 not holding steady is just a joke, and there's still room for imagination. I think it needs to drop another thousand or so to be real.