2026-01-07 04:27:08

Market Analysis

Bitcoin has been unable to sustain its push to 94,500 over the past two days, especially after the US stock market opened and trading volume suddenly surged, leading to a sharp decline. Looking at the current situation, the previous upward trend line has been broken, and the structure of the upward channel has disintegrated. The rally from 87,000 to 94,500 is essentially over. Can it break through 94,500 later? Honestly, that’s less relevant to this current trend; it’s a matter for a new phase of the market.

Regarding the trend characteristics, Bitcoin is now showing a typical climax pattern—last night’s surge to 94,500 was one wave, and the large bearish candle at 1 a.m. was another. The price has been fluctuating violently between 91,500 and 94,500, appearing as a trading range. However, the structure is irregular, with support and resistance levels everywhere. To be honest, this position isn’t very good for trading. If you’re desperate, you might try shorting at 94,500 and going long at 91,500.

**Altcoin Risks**

Mainstream altcoins like DOGE and SUI have very weak bullish trends. Once the overall market turns bearish, these coins will drop sharply. If the market enters a sideways consolidation, altcoins will tend to trend downward unilaterally. That’s the fate of altcoins—being strong in the overall market doesn’t necessarily mean they are strong individually, but when the market weakens, they tend to fall out quickly.

BTC0,55%

DOGE-0,54%

SUI1,42%

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WhaleWatcher

· 9h ago

If 94,500 can't be broken, there's no need to keep fussing. This wave of market trend has indeed come to an end. Altcoins are now just sacrificial offerings to the main market; no matter how hard DOGE rises, it's pointless. This position is indeed difficult to operate; I choose to lie flat and observe.

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zkNoob

· 10h ago

94500 this threshold really can't be pushed through; the US stock market revealed the truth right at the open Once again, in this wave of market movement, altcoins still have to take the hits, and if Bitcoin weakens, everything's over If the structure is broken, don't force the trade; this level is really a pain in the ass

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CommunityJanitor

· 01-08 23:44

94500 this threshold really can't hold up. The US stock market opened with a strong warning, the trend line broke, and it feels like everything is a new story from here on. This level is really annoying; support and resistance levels are a mess. I think I'll wait and see before making a move. Altcoins look really uncertain this time. If the main market crashes, it's not a big problem; the key issue is that altcoins are being dragged down and jumping straight into a dive. It's exhausting. At the 94500 level, it feels like institutions are just waiting here for the retail investors. DOGE can't be pushed up anymore. When the main market trembles, it gets hit. Altcoins are always the bagholders. This rally went from 87k to 94k, almost there. Now it's just a matter of who dares to make the final move. Once the structure falls apart, how do we play it? Better to rest first and wait for signals.

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ImpermanentLossFan

· 01-07 13:18

94500 still hasn't held, the US stocks dropped as soon as they opened, this time it's really a bit uncertain.

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DoomCanister

· 01-07 04:56

94500 this threshold is really quite stubborn, the US stocks started trading and immediately gave us a surprise Altcoins are indeed a bit risky this time, DOGE is still in a daze The structure has broken down, this position is indeed hot to handle

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IronHeadMiner

· 01-07 04:55

The 94,500 level is still quite tough; it feels like this wave has already been overextended.

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LiquidationWatcher

· 01-07 04:52

94500 is really a tough hurdle. The US stock market caught us off guard right at the open, feeling like a fresh start is needed. The altcoins are suffering badly this round. DOGE and SUI are like roller coasters; a sneeze from the market and they’re wiped out. This violent back-and-forth range is making me a bit hesitant. Honestly, I’m not sure whether to buy the dip or to pull out.

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LeekCutter

· 01-07 04:50

94500 this threshold really got stuck, the US stocks opened and I was instantly confused Our copycat really is going to get hurt this time, when Bitcoin drops, it cools off instantly We can't play this wave of climax patterns, let's wait and see if a new trend can brew Stop touching DOGE and SUI, these two are too timid to follow the trend Is anyone buying the dip at 91500? It feels like the real opportunity

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Hash_Bandit

· 01-07 04:36

btc can't even hold 94.5k lmao, that rejection was brutal. reminds me of 2017 when everyone thought we'd moon forever... nah, this sideways chop between 91.5-94.5 is just asking to get rekt altcoins gonna bleed hard when btc sneezes, doge and sui don't stand a chance. seen this movie before

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