#数字货币市场洞察 BTC’s movements were pretty exciting in the early hours today—it plunged straight through 91,000 and then quickly bounced back. However, the rebound was clearly weak, as multiple attempts to break through the key 94,000 level were pushed back, showing heavy selling pressure above.
Looking at the daily chart, it closed with a bearish candle. While there are signs of increased volume from a technical perspective, it just can’t break through the zero axis barrier. On the 4-hour chart, trading volume continues to shrink, and the market is just grinding sideways, with obvious short-term pullback pressure.
Currently, keep an eye on two key zones: the 90,000-90,600 range below is crucial support and should see some buying interest; the 94,000 level above remains a tough resistance and will be hard to break in the short term. In terms of strategy, consider shorting on rebounds—look for entry opportunities if it pulls back to the 93,000-93,800 zone, targeting 91,800 down to 90,600. In choppy markets, selling the highs and buying the lows for price differences is more comfortable than chasing breakouts or breakdowns. $BTC
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
5
Repost
Share
Comment
0/400
OptionWhisperer
· 12-05 03:32
The 94,000 level really can't be surpassed. When it drops, no one is willing to catch it. Quite interesting.
View OriginalReply0
MetaMaskVictim
· 12-05 03:20
Really, the 94,000 barrier is unbelievably tough, it just feels like they’re teasing us.
View OriginalReply0
ResearchChadButBroke
· 12-05 03:09
The 94,000 level is the stronghold of top-tier short sellers; it simply can't be broken.
View OriginalReply0
MoneyBurnerSociety
· 12-05 03:05
It crashed through and then bounced back again, this move is just ridiculous. If I dared to short the rebound, my liquidation price would probably be my entry price—no need to even look at the technicals.
#数字货币市场洞察 BTC’s movements were pretty exciting in the early hours today—it plunged straight through 91,000 and then quickly bounced back. However, the rebound was clearly weak, as multiple attempts to break through the key 94,000 level were pushed back, showing heavy selling pressure above.
Looking at the daily chart, it closed with a bearish candle. While there are signs of increased volume from a technical perspective, it just can’t break through the zero axis barrier. On the 4-hour chart, trading volume continues to shrink, and the market is just grinding sideways, with obvious short-term pullback pressure.
Currently, keep an eye on two key zones: the 90,000-90,600 range below is crucial support and should see some buying interest; the 94,000 level above remains a tough resistance and will be hard to break in the short term. In terms of strategy, consider shorting on rebounds—look for entry opportunities if it pulls back to the 93,000-93,800 zone, targeting 91,800 down to 90,600. In choppy markets, selling the highs and buying the lows for price differences is more comfortable than chasing breakouts or breakdowns. $BTC