Yesterday, Bitcoin faced resistance after pushing towards the 94,760 level, then retraced to the 93,000 mark to stabilize, and finally rebounded to re-stand above 94,000. This wave of market movement continued the strong momentum from earlier in the week, with daily candles closing higher and pushing upward, which aligns with our previous bullish outlook. During the session, we also precisely identified a long target around 94,500; however, the price got stuck at the daily resistance zone and did not continue to rise. We promptly shifted to a short-term short strategy, successfully taking profit around 93,000 within the day, netting over a thousand points. Subsequently, the market stabilized at the lower levels, and the price began climbing again. The second long strategy we suggested also realized gains of over a thousand points. Currently, the bullish momentum remains strong, and the key focus for short-term trading is whether it can further break through. Looking upward, whether the 94,500 barrier can be effectively defended is crucial, followed by the resistance at 96,000. If the price breaks through strongly and stays above 94,500, bulls may continue to push higher; conversely, if the breakout fails, the market could enter a phase of high-level oscillation. Mainstream cryptocurrencies like Ethereum also need to be closely monitored, as they are currently waiting for a clear directional move.
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.
11 Likes
Reward
11
7
Repost
Share
Comment
0/400
DefiVeteran
· 01-09 16:43
Stuck again at 94,500. Can we break through this time?
View OriginalReply0
BearMarketGardener
· 01-08 13:56
This level 94500 is really tough. If I can't break through, I have to keep smashing repeatedly.
View OriginalReply0
ImpermanentPhobia
· 01-08 13:30
You really have to hold this level at 94500, or it'll start oscillating again.
View OriginalReply0
LiquidatedThrice
· 01-08 04:37
Again and again, it feels like breaking through the 94,500 level isn't that easy.
View OriginalReply0
RunWithRugs
· 01-06 17:54
94500, this critical level really needs to be watched closely; only after breaking through will there be hope.
View OriginalReply0
MetaReckt
· 01-06 17:53
It's another day of precise take-profit; we really have to hold the 94500 level.
View OriginalReply0
StablecoinSkeptic
· 01-06 17:38
Once again, it's the rhythm of precise take-profit. Truly amazing. Let's see if 94,500 can hold.
Yesterday, Bitcoin faced resistance after pushing towards the 94,760 level, then retraced to the 93,000 mark to stabilize, and finally rebounded to re-stand above 94,000. This wave of market movement continued the strong momentum from earlier in the week, with daily candles closing higher and pushing upward, which aligns with our previous bullish outlook. During the session, we also precisely identified a long target around 94,500; however, the price got stuck at the daily resistance zone and did not continue to rise. We promptly shifted to a short-term short strategy, successfully taking profit around 93,000 within the day, netting over a thousand points. Subsequently, the market stabilized at the lower levels, and the price began climbing again. The second long strategy we suggested also realized gains of over a thousand points. Currently, the bullish momentum remains strong, and the key focus for short-term trading is whether it can further break through. Looking upward, whether the 94,500 barrier can be effectively defended is crucial, followed by the resistance at 96,000. If the price breaks through strongly and stays above 94,500, bulls may continue to push higher; conversely, if the breakout fails, the market could enter a phase of high-level oscillation. Mainstream cryptocurrencies like Ethereum also need to be closely monitored, as they are currently waiting for a clear directional move.