Everyone who has experienced a bear market understands that the real opportunities often arrive quietly when things are least clear.
Last night's market was quite interesting——Bitcoin dropped from 91,425 to around 90,500 and then quickly rebounded, finally stabilizing in the 91,200 range for consolidation. The small coin's rhythm was almost the same, recovering from a low of 3,087 to around 3,120 and oscillating repeatedly.
From the four-hour chart, the price is swinging between the middle and lower bands of the Bollinger Bands. Each dip is met with buying support, indicating that the support below is quite solid. Although the momentum weakens as it approaches the middle band, this isn't necessarily a bad sign—it seems more like gathering strength. Not all sideways consolidations mean a decline; sometimes it's just about digesting pressure and accumulating energy for a breakout.
This position feels like a decision point. If the support at 90,500 holds, the opportunity for long positions is right in front of us. The target for Bitcoin is around 94,000, and for the small coin, it points to 3,300. The key is to wait for confirmation of support and not to exit prematurely.
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PessimisticLayer
· 01-11 21:37
It's the same "accumulation talk" again. Every time I say this, but what's the result? I still think this sideways movement is a bit suspicious; breaking 90500 is the key.
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DegenGambler
· 01-11 18:33
I won't give up until 90500 is broken; if it's broken, consider it as if I didn't see this article.
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LiquidationWatcher
· 01-09 00:52
Talking about building up strength again, will this time still be a trick to fool me into selling off...
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DevChive
· 01-09 00:51
Will holding onto 90500 really lead to a big surge? I feel like we're about to start messing around again.
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PerennialLeek
· 01-09 00:42
90500, this critical level really needs to hold, otherwise it's all for nothing.
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TxFailed
· 01-09 00:27
ngl the "accumulating energy" narrative hits different when you've already blown up twice on false breakouts lol... technically speaking, those support levels are *chef's kiss* until they're not. learned this the hard way at 89k
Everyone who has experienced a bear market understands that the real opportunities often arrive quietly when things are least clear.
Last night's market was quite interesting——Bitcoin dropped from 91,425 to around 90,500 and then quickly rebounded, finally stabilizing in the 91,200 range for consolidation. The small coin's rhythm was almost the same, recovering from a low of 3,087 to around 3,120 and oscillating repeatedly.
From the four-hour chart, the price is swinging between the middle and lower bands of the Bollinger Bands. Each dip is met with buying support, indicating that the support below is quite solid. Although the momentum weakens as it approaches the middle band, this isn't necessarily a bad sign—it seems more like gathering strength. Not all sideways consolidations mean a decline; sometimes it's just about digesting pressure and accumulating energy for a breakout.
This position feels like a decision point. If the support at 90,500 holds, the opportunity for long positions is right in front of us. The target for Bitcoin is around 94,000, and for the small coin, it points to 3,300. The key is to wait for confirmation of support and not to exit prematurely.