On Tuesday, Bitcoin continued its consolidation pattern, showing signs of a pullback after reaching around 94,700 overnight. The overall trend remains a gradual upward movement, but a strong unilateral move has not yet formed, indicating that rapid rises at high levels are often accompanied by pullback needs.
From a technical perspective, 95,000 faces obvious resistance, and a breakout in the short term is unlikely. During the Asian session, adjustment signals have been observed, and chasing gains in the early trading hours carries higher risk. Aggressive traders can consider short positions around 94,000, while conservative players should wait for support confirmation above 92,000 before considering long positions.
After taking profits on the short position established at 93,700, if we follow the standard retracement level at 94,500 for re-entry adjustments, there is currently a profit margin of several hundred points. The key is to recognize the nature of the current market—it's not yet in a strong unilateral phase, so shorting at high points still offers opportunities, but strict stop-loss discipline is required.
Technical suggestion: The 94,000-93,700 range can be moderately used for short positions, with an initial target of 92,000. If this support is not effectively broken, consider quickly switching to long positions and watch for resistance testing around 95,000. The market always rises amid fluctuations; patiently waiting for high-probability entry points often makes it easier to accumulate profits than frequent trading.
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RektHunter
· 01-08 19:53
It's another period of volatility and resistance levels. To put it simply, the direction hasn't been confirmed yet.
Wait, can 92000 really hold? I have a feeling it's a bit uncertain.
Frequent trading indeed leads to faster losses. I have deep experience with this.
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pvt_key_collector
· 01-07 16:48
It's the same story of 95,000 resistance again. After hearing it for so long, it still hasn't broken, and it seems the technical aspect has already become numb.
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AirdropLicker
· 01-06 01:52
It's the same old story. The 95,000 resistance level has been tiring to hear about for a long time. And what happened? We still have to wait. I believe in the 92,000 defense line, but now that more people are betting against, it feels like it's getting harder and harder to make a profit.
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CryptoPhoenix
· 01-06 01:51
Another day of being taught by the market, this wave of volatility is really testing patience.
After falling for so long, the 92,000 support must hold, or else the mindset will need to be rebuilt.
Don't panic, this is actually building momentum for the next round; the phoenix will always be reborn from its ashes.
I'm also watching the 94,000 short position, but the stop-loss discipline must be strict, and we can't make the same mistake as last time.
The market is rising amid fluctuations, well said, I will believe it this time.
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GasFeeAssassin
· 01-06 01:44
Another volatile situation, so annoying. 95,000 is really a tough nut to crack.
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Short position at 93,700 lying down and making money, just very exhausted, always thinking about whether to reverse.
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No, why do I always chase highs at high levels? Pullbacks are actually better opportunities to enter.
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If 92,000 holds, then this wave can be properly profitable. Too exhausting.
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Aggressive buddies have definitely already entered at 94,000, just waiting to watch the show.
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Discipline on stop-loss sounds good, but when it really comes down to it, everyone wants to buy the dip, and in the end, they still exit with a stop-loss.
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It's true that the market rises amid fluctuations, but the problem is I am losing money in the fluctuations.
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Setting up short positions at 94,000-93,700 sounds comfortable, but executing it still feels a bit uncertain.
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ThatsNotARugPull
· 01-06 01:39
Is the 94k resistance so obvious that you're still chasing the high? Did your brain get hit by BTC?
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MidnightSeller
· 01-06 01:38
Still fluctuating, so annoying. Let's wait for the 92,000 support.
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SignatureAnxiety
· 01-06 01:37
The 94,000 short positions are still held. I feel this move is just a pullback. Don't get shaken out.
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NFTArchaeologis
· 01-06 01:28
That 95,000 hurdle really seems to be holding things back. It's a bit like the liquidity dilemma faced by some early projects—if they can't break through, they have to turn back.
On Tuesday, Bitcoin continued its consolidation pattern, showing signs of a pullback after reaching around 94,700 overnight. The overall trend remains a gradual upward movement, but a strong unilateral move has not yet formed, indicating that rapid rises at high levels are often accompanied by pullback needs.
From a technical perspective, 95,000 faces obvious resistance, and a breakout in the short term is unlikely. During the Asian session, adjustment signals have been observed, and chasing gains in the early trading hours carries higher risk. Aggressive traders can consider short positions around 94,000, while conservative players should wait for support confirmation above 92,000 before considering long positions.
After taking profits on the short position established at 93,700, if we follow the standard retracement level at 94,500 for re-entry adjustments, there is currently a profit margin of several hundred points. The key is to recognize the nature of the current market—it's not yet in a strong unilateral phase, so shorting at high points still offers opportunities, but strict stop-loss discipline is required.
Technical suggestion: The 94,000-93,700 range can be moderately used for short positions, with an initial target of 92,000. If this support is not effectively broken, consider quickly switching to long positions and watch for resistance testing around 95,000. The market always rises amid fluctuations; patiently waiting for high-probability entry points often makes it easier to accumulate profits than frequent trading.