Bitcoin is currently hovering around the 90,700 level, with a slight 24-hour increase of only 0.14%. The price has been oscillating between 90,400 and 90,800, appearing to be consolidating and gathering strength. Trading volume remains at approximately $1.229 billion, with bulls and bears engaged in a fierce tug-of-war.
From a technical perspective, the recent resistance level is at 91,200. A confirmed breakout above this level could trigger a significant increase in volatility. Conversely, the support line at 89,900 should not be ignored; a breakdown below this level could also lead to substantial price fluctuations.
For traders who have already opened positions, now is a good time to watch the show. Short-term traders should closely monitor these two key levels, waiting for clear directional signals before taking action. Blindly chasing highs or selling in a panic could easily be shaken out by market volatility.
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WalletWhisperer
· 01-11 23:57
90700 this level is really annoying, it's a tug-of-war, can't tell which way it's heading.
Gathering strength? I think it's just building my anxiety...
91200 is it going to break or not, brothers, don't keep me hanging like this.
Short-term trading is just gambling, waiting for signals sounds nice, but in reality, you're just being washed out.
It's those two levels again, watching every day and getting trapped every day.
The most annoying thing is to tidy up the situation; this kind of volatile range can wear you out.
The trading volume is average, no signs of a breakout.
Watching the show is fine, but watching it means the money is gone.
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NewPumpamentals
· 01-11 16:54
90700 this level is really testing repeatedly, it looks like it's gathering momentum, I think it won't be interesting until 91200 is broken
Wait, with this 1.2 billion USD trading volume and the fierce battle between bulls and bears, it feels like either it's the night before a big move or just a pure shakeout
Short-term friends really shouldn't move recklessly, it's easy to get caught, watching the show is the most comfortable at this time
Just stick to the lines at 89900 and 91200, whoever breaks first wins
Still feeling a bit frustrated, does it feel like this is how the crypto world is?
Everyone is accumulating strength, let's just quietly watch, no need to rush
Honestly, this kind of consolidation market really tests your mentality
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ruggedNotShrugged
· 01-11 16:44
90700 this level is really frustrating, staying sideways every day is testing patience
If 91200 can't be broken, I feel like I just have to hold on and wait, I'm just holding without moving
Short-term buddies should really stay calm now, don't get shaken out for real
The idea of "accumulating strength" sounds pretty intimidating, but actually it just means no clear direction
Once 89900 is broken, it feels a bit risky, this support still needs to be held
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FlashLoanKing
· 01-11 16:44
90700 this level really can't hold anymore, both sides are testing, feeling like it will break at any moment
I think we need to wait for a signal before acting, chasing high now is just giving away your head
Accumulating strength? I think it's just accumulating my loss limit haha
This trading volume is a bit weak, no confidence in breaking through 91200
Don't touch short-term trades, those washed out are the lucky ones
View OriginalReply0
GateUser-0717ab66
· 01-11 16:35
90700 this level is indeed a bit awkward, it feels like both bulls and bears are testing each other
Wait, is this what they call gathering strength? I feel like I'm playing jump rope...
Short-term brothers, hold on this time, don't get shaken out
Break 89900 and it's over, I bet tonight won't push through 91200
Bitcoin is currently hovering around the 90,700 level, with a slight 24-hour increase of only 0.14%. The price has been oscillating between 90,400 and 90,800, appearing to be consolidating and gathering strength. Trading volume remains at approximately $1.229 billion, with bulls and bears engaged in a fierce tug-of-war.
From a technical perspective, the recent resistance level is at 91,200. A confirmed breakout above this level could trigger a significant increase in volatility. Conversely, the support line at 89,900 should not be ignored; a breakdown below this level could also lead to substantial price fluctuations.
For traders who have already opened positions, now is a good time to watch the show. Short-term traders should closely monitor these two key levels, waiting for clear directional signals before taking action. Blindly chasing highs or selling in a panic could easily be shaken out by market volatility.