Bitcoin broke through the previous high this morning with strong momentum, once surging to $94,700, then pulling back for a correction. After the US stock market opened, it oscillated around $94,000. This wave of market movement was anticipated in advance; in crypto trading, accurate trend judgment is often more effective than reckless action.
Looking at the four-hour chart, continuous bullish candles pushed the price higher, each time breaking previous highs. The Bollinger Bands are opening upward, indicating a solid bullish pattern. The current pullback is just a normal correction after a strong rally; the overall upward structure remains intact. The consolidation phase has ended, and the outlook remains bullish.
On the hourly chart, after three consecutive bearish candles, the price started to consolidate sideways, with the bullish momentum temporarily converging—actually, this is to accumulate energy for the next upward surge.
Trading suggestion: Buy on dips at support levels. The $92,000-$93,000 zone is a good entry point, with targets looking toward $95,000-$96,000.
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EyeOfTheTokenStorm
· 01-09 02:19
According to my quantitative model, this wave of technicals is indeed valid, but that support level at 92,000... to be honest, I'm a bit nervous. I need to check the 4-hour MACD divergence before making any decisions.
Consecutive bullish candles + Bollinger Bands opening up look really good, but historical data tells me that every time we see such a textbook pattern, it's often a trap. Everyone should be cautious when trading T.
I agree with the three consecutive bearish candles gathering momentum, but whether the energy can accumulate to 95,000 or 96,000 is hard to say. The macro environment has changed, brothers.
A few friends just asked me whether to jump in now, and I just said: Let’s talk after it breaks below 92,500. Don’t get blinded by short-term gains.
I saw this pattern back in 2021. I was so confident then, but look what happened... The market structure is different now, and we really need to rethink from a cycle perspective.
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PanicSeller69
· 01-06 15:47
Coming back to buy the dip around 92,000 again? I almost got trapped last time when I heard this price. Do you really dare to do it again? Haha
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LiquidatedAgain
· 01-06 02:50
92,000-93,000 bottom? Bro, don't fool yourself. I thought the same last time... As a result, I didn't hold the risk control level and was liquidated directly. Once the liquidation price was breached, it was gone.
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HalfPositionRunner
· 01-06 02:49
I agree with the precise judgment; reckless action is really pointless. I've already set up an ambush at 92,000, just waiting for the rebound to buy in.
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ZenZKPlayer
· 01-06 02:46
I have already laid low at 92,000-93,000, just waiting for this wave of pullback to scoop up. Once it hits 95K, it will take off directly.
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ProbablyNothing
· 01-06 02:45
I'm indeed watching that 92-93 level, but I need to wait for a confirmation signal. I'm worried that buying at a high level might not be cost-effective.
Bitcoin broke through the previous high this morning with strong momentum, once surging to $94,700, then pulling back for a correction. After the US stock market opened, it oscillated around $94,000. This wave of market movement was anticipated in advance; in crypto trading, accurate trend judgment is often more effective than reckless action.
Looking at the four-hour chart, continuous bullish candles pushed the price higher, each time breaking previous highs. The Bollinger Bands are opening upward, indicating a solid bullish pattern. The current pullback is just a normal correction after a strong rally; the overall upward structure remains intact. The consolidation phase has ended, and the outlook remains bullish.
On the hourly chart, after three consecutive bearish candles, the price started to consolidate sideways, with the bullish momentum temporarily converging—actually, this is to accumulate energy for the next upward surge.
Trading suggestion: Buy on dips at support levels. The $92,000-$93,000 zone is a good entry point, with targets looking toward $95,000-$96,000.