This pullback is a technical correction to the rapid surge of the previous two days. As Bitcoin approached the key resistance zone of $93,000-$94,000 and Ethereum faced resistance near $3,200, bullish momentum temporarily weakened, providing an opportunity for bears to counterattack. However, the downside was quickly blocked by buying pressure.
$BTC Bitcoin is currently at a very critical technical juncture; the upcoming trend will determine whether the rebound continues or a deeper correction begins.
Key resistance zone ($93,000-$95,000): This is the current focus of the market. The $93,000-$94,000 area is a historical pivot point where bulls and bears have repeatedly battled recently. If this area can be reclaimed and held, Bitcoin may embark on a journey toward $100,000. However, there is a key liquidity cluster around $95,000, which historically served as strong support and now acts as strong resistance.
Consider opening long positions if the price oscillates down to 91,500-92,000, targeting 🎯 93,500-94,300. If it breaks through, continue to reduce positions and look for 95,000 $ETH #十二月降息预测 .
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.
This pullback is a technical correction to the rapid surge of the previous two days. As Bitcoin approached the key resistance zone of $93,000-$94,000 and Ethereum faced resistance near $3,200, bullish momentum temporarily weakened, providing an opportunity for bears to counterattack. However, the downside was quickly blocked by buying pressure.
$BTC Bitcoin is currently at a very critical technical juncture; the upcoming trend will determine whether the rebound continues or a deeper correction begins.
Key resistance zone ($93,000-$95,000): This is the current focus of the market. The $93,000-$94,000 area is a historical pivot point where bulls and bears have repeatedly battled recently. If this area can be reclaimed and held, Bitcoin may embark on a journey toward $100,000. However, there is a key liquidity cluster around $95,000, which historically served as strong support and now acts as strong resistance.
Consider opening long positions if the price oscillates down to 91,500-92,000, targeting 🎯 93,500-94,300. If it breaks through, continue to reduce positions and look for 95,000 $ETH #十二月降息预测 .