Bitcoin experienced a strong rebound last night, with the price reaching the 91.5K level before facing resistance and pulling back. It’s worth noting — when a breakout attempt fails, it often presents a potential shorting opportunity. The key resistance level to watch above is 92.2K; if there is a continued upward push, this level could become a critical pressure point.
Conversely, there are also opportunities for buyers. The main support below is locked at 89.7K, which is the bottom line that the bulls need to hold. If 89.7K is broken, the next focus shifts to 88.1K, which could serve as a secondary support.
Both BTC and ETH are currently at critical levels, and short-term directional judgments should be based on the performance around these price points.
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NFTRegretter
· 01-12 09:50
Rebounding again, facing resistance levels—it's the same old story.
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0xLuckbox
· 01-11 22:57
Once again, the breakout failed. It's really getting on my nerves.
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SmartContractDiver
· 01-09 10:52
91.5K didn't break and fell back, I've seen this trick too many times, the bears are sharpening their knives
92.2K if it really can't push higher, I'll open a short position
89.7K this line must hold, or it will go feed the fish at 88.1K
Honestly, this market is giving me a headache, let's wait for a signal
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RamenDeFiSurvivor
· 01-09 10:47
It was knocked back again by 92.2K, really annoying. Just waiting for it to drop below 89.7K to see who will cry.
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GasFeeNightmare
· 01-09 10:40
Here we go again with this routine? Every time it's about critical points and pressure, and it crashes in just half an hour.
Bitcoin experienced a strong rebound last night, with the price reaching the 91.5K level before facing resistance and pulling back. It’s worth noting — when a breakout attempt fails, it often presents a potential shorting opportunity. The key resistance level to watch above is 92.2K; if there is a continued upward push, this level could become a critical pressure point.
Conversely, there are also opportunities for buyers. The main support below is locked at 89.7K, which is the bottom line that the bulls need to hold. If 89.7K is broken, the next focus shifts to 88.1K, which could serve as a secondary support.
Both BTC and ETH are currently at critical levels, and short-term directional judgments should be based on the performance around these price points.