BTC is currently at a critical juncture. The $94,280 level can be seen as an important support at the moment. Whether it can hold will directly impact the subsequent trend.
Assuming the support holds steady, the next step is to see if it can break through the resistance at $95,920. Once this structural level is broken, buyer enthusiasm may be triggered. From a technical perspective, pushing up towards $97,860 (the recent monthly high) is now feasible, making long positions more justifiable.
Conversely, if $94,280 fails to hold, BTC may fall back into its previous volatile range, and market sentiment could turn bearish. Once the bearish sentiment dominates, opening short positions becomes a viable option.
Therefore, the breakout point within the $94,280 to $95,920 range essentially determines the short-term bullish or bearish momentum. This range can serve as a reference for your short-term strategic decisions.
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SchrodingersPaper
· 15h ago
If I can't hold 94280, I'll just go all-in on a short position. Anyway, I'm already completely lost.
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OnChainDetective
· 15h ago
94280 this position is too suspicious. I monitored on-chain yesterday and detected a large transfer flowing to the exchange, with the amount precise to 0.000001. It's not a coincidence... I feel like the market maker is testing.
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LiquidatedNotStirred
· 15h ago
If I can't hold 94280, I'll go short directly. This rebound feels a bit fake.
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FUD_Vaccinated
· 15h ago
If 94280 cannot hold, then it will be bearish, and this support level is really crucial.
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SybilAttackVictim
· 15h ago
If 94280 can't hold, then we need to have a good talk about short positions.
BTC is currently at a critical juncture. The $94,280 level can be seen as an important support at the moment. Whether it can hold will directly impact the subsequent trend.
Assuming the support holds steady, the next step is to see if it can break through the resistance at $95,920. Once this structural level is broken, buyer enthusiasm may be triggered. From a technical perspective, pushing up towards $97,860 (the recent monthly high) is now feasible, making long positions more justifiable.
Conversely, if $94,280 fails to hold, BTC may fall back into its previous volatile range, and market sentiment could turn bearish. Once the bearish sentiment dominates, opening short positions becomes a viable option.
Therefore, the breakout point within the $94,280 to $95,920 range essentially determines the short-term bullish or bearish momentum. This range can serve as a reference for your short-term strategic decisions.