Regarding Bitcoin's weekly trend, from a technical perspective, there are currently several key price levels that require close attention.
Looking upward, once the price can stabilize above the $98,000 mark, the range of $100,000 to $102,000 (the middle band of the Bollinger Bands) will come into view. If the movement is just a consolidation with decreasing volume, then the high points are likely to remain within the $95,000 to $98,000 range.
Looking downward, the situation is more complex. Optimistically, it might just be a retracement after testing previous lows, with the low area around $80,000 to $83,000. However, if the $80,000 support level is broken, then caution is needed as the price could extend toward the lower band of the Bollinger Bands at around $75,000 to $78,000.
Overall, on the weekly level, the market is currently in a weak bottoming phase. There is indeed a short-term technical rebound demand, but whether it can break through the resistance levels depends largely on whether trading volume can effectively increase. The current low-volume pattern still imposes some constraints, which is also why the rebound strength has been relatively weak.
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GasFeeDodger
· 01-11 19:51
A volume-down rebound is just a facade; breakouts without volume are all nonsense.
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HodlTheDoor
· 01-11 19:48
The pattern of a volume-constrained rebound has been seen too many times. Don't expect a breakout without increasing trading volume...
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CounterIndicator
· 01-11 19:42
Reduced volume means waiting; if the volume doesn't pick up, it will just continue to fluctuate. This tactic is outdated.
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MaticHoleFiller
· 01-11 19:37
The pattern of a rebound on low volume is outdated; don't expect a breakout without volume.
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AltcoinMarathoner
· 01-11 19:36
honestly the volume squeeze is killing any real move rn... been through enough cycles to know this pattern. when we finally break 98k on actual volume, then we talk 100k. til then? just another water station in this marathon, accumulating quietly while everyone's watching the hourly chart noise.
Regarding Bitcoin's weekly trend, from a technical perspective, there are currently several key price levels that require close attention.
Looking upward, once the price can stabilize above the $98,000 mark, the range of $100,000 to $102,000 (the middle band of the Bollinger Bands) will come into view. If the movement is just a consolidation with decreasing volume, then the high points are likely to remain within the $95,000 to $98,000 range.
Looking downward, the situation is more complex. Optimistically, it might just be a retracement after testing previous lows, with the low area around $80,000 to $83,000. However, if the $80,000 support level is broken, then caution is needed as the price could extend toward the lower band of the Bollinger Bands at around $75,000 to $78,000.
Overall, on the weekly level, the market is currently in a weak bottoming phase. There is indeed a short-term technical rebound demand, but whether it can break through the resistance levels depends largely on whether trading volume can effectively increase. The current low-volume pattern still imposes some constraints, which is also why the rebound strength has been relatively weak.