#以太坊大户持仓变化 BTC is hovering at a critical technical level, and the short-term direction remains to be seen.
After reviewing the latest 1-hour candlestick chart, Bitcoin's current price at 92893 is indeed somewhat delicate. From the Bollinger Bands perspective, the middle band at 93052 is just ahead, with the upper band at 94384 and the lower band at 91720. The price is stuck below the middle band, which usually indicates that the short-term bears are still in control.
However, there are some interesting points in the technical indicators. Although the MACD's DIF and DEA lines are still below the zero line, with the histogram showing -19.3, the distance between the two lines is getting closer, and a golden cross signal is brewing. In comparison, trading volume is the most eye-catching—only 29.4, far below the 5-day average of 540.5 and the 10-day average of 215.5. Such extreme contraction often signals a period of quiet before a trend reversal.
Looking at a longer timeframe, since the high of 94789 on January 5, the retracement has been ongoing, with the price repeatedly testing near the middle band, indicating that the market is searching for consensus. The support at the Bollinger lower band of 91720 remains relatively solid. If this level is broken, the bullish logic mentioned earlier will need to be reassessed.
**Reference idea**: If the price can effectively increase volume and break through the 93500 resistance, the conditions for a bullish move will be preliminarily met. Stop-loss can be set below 93000. The first target is around 94500-94800, and the second target looks toward near 95500. Of course, all this depends on volume truly supporting the move; otherwise, it could be a false breakout.
Currently, it is advisable to remain cautious, with light positions for testing, keeping exposure within 10%. The market needs a catalyst to break the current equilibrium. Before the trend is confirmed, waiting is often wiser than rushing to bet.
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BearMarketSunriser
· 01-10 03:16
Trading volume is so weak, I really didn't dare to move before the volume increased... Let's wait.
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The Bollinger Bands are below the middle band, this chart is indeed a bit annoying.
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A golden cross is coming soon, but without volume support, it's all talk. Fake signals are the most annoying.
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If 93500 can't be broken, don't overthink it. Just watch patiently.
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The suggestion to try a small position is good; anyway, we can't see the clear direction right now.
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Support is at 91720. If it breaks below, we need to change our approach. Remember that.
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Trading volume is the real king; all indicators are false.
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Let's wait for a catalyst; there's no rush anyway.
View OriginalReply0
RugPullSurvivor
· 01-08 19:44
Trading volume shrank to 29.4, and you're already claiming a trend reversal? I think it's just the main force shaking out the weak hands, don't be fooled by false signals.
Waiting for the 93500 breakout, or else if it continues to range and grind, I really won't play anymore.
What is the golden cross brewing? Honestly, there's still no clear direction. I'm just holding on to the 91720 level.
Now everywhere you hear "light positions to test the waters," hilarious. I've heard that too many times.
Bitcoin loves to torment people at this kind of level. If it can't break 93500, don't boast.
With such lousy trading volume, is 95500 just a dream...
Let's wait and see. Anyway, I won't be bottom-fishing. This dead, sluggish trend is most likely to explode suddenly.
View OriginalReply0
rugpull_ptsd
· 01-07 15:48
With such poor trading volume, you still want to break through? I don't believe you, let's wait until the volume increases before talking.
View OriginalReply0
LiquidationWatcher
· 01-07 04:50
ngl the volume getting crushed like this... been there, lost that. wouldn't touch it till we see real money coming in, health factor on these longs is getting sketchy fr
Reply0
OnlyUpOnly
· 01-07 04:48
With such trading volume, breakouts are all just paper tigers. Let's wait until the volume increases before making any moves.
View OriginalReply0
GhostChainLoyalist
· 01-07 04:42
With such shrinking trading volume, it feels like a big move is being held back, and it might suddenly explode one day...
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Is the golden cross brewing? It still looks a bit weak to me. Let's wait for increased volume before making any judgments.
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If 93500 can't be broken, I'll just keep lying low. Anyway, entering now is just gambling.
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Is the lower band at 91720 a defense line? I think this level is uncertain; the market lacks consensus.
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Trying a small position sounds good, but I'm just worried about a sudden crash hitting me in the face.
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Waiting for a catalyst is the right approach. There's no rush, and I definitely don't want to jump in now.
View OriginalReply0
MetaverseVagrant
· 01-07 04:29
With such shrinking volume, do you still want to break through? I think it's uncertain; we need a surge in volume to succeed.
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Breaking below the 91720 line would be problematic. Right now, it's a gamble whether the golden cross can save the situation.
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Light positions within 10%? I've already been completely out of the market watching the show. This market is too delicate.
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Getting stuck near the midline and repeatedly rubbing against it, it's so annoying. Let's wait for a clear direction.
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The probability of a false breakout is quite high. Volume says everything; you can't just look at technical lines.
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If it breaks through 93500, then I'll consider entering. Currently, any involvement is purely a gamble.
View OriginalReply0
SocialAnxietyStaker
· 01-07 04:22
The trading volume is so dead... It still feels like it's bottoming out.
#以太坊大户持仓变化 BTC is hovering at a critical technical level, and the short-term direction remains to be seen.
After reviewing the latest 1-hour candlestick chart, Bitcoin's current price at 92893 is indeed somewhat delicate. From the Bollinger Bands perspective, the middle band at 93052 is just ahead, with the upper band at 94384 and the lower band at 91720. The price is stuck below the middle band, which usually indicates that the short-term bears are still in control.
However, there are some interesting points in the technical indicators. Although the MACD's DIF and DEA lines are still below the zero line, with the histogram showing -19.3, the distance between the two lines is getting closer, and a golden cross signal is brewing. In comparison, trading volume is the most eye-catching—only 29.4, far below the 5-day average of 540.5 and the 10-day average of 215.5. Such extreme contraction often signals a period of quiet before a trend reversal.
Looking at a longer timeframe, since the high of 94789 on January 5, the retracement has been ongoing, with the price repeatedly testing near the middle band, indicating that the market is searching for consensus. The support at the Bollinger lower band of 91720 remains relatively solid. If this level is broken, the bullish logic mentioned earlier will need to be reassessed.
**Reference idea**: If the price can effectively increase volume and break through the 93500 resistance, the conditions for a bullish move will be preliminarily met. Stop-loss can be set below 93000. The first target is around 94500-94800, and the second target looks toward near 95500. Of course, all this depends on volume truly supporting the move; otherwise, it could be a false breakout.
Currently, it is advisable to remain cautious, with light positions for testing, keeping exposure within 10%. The market needs a catalyst to break the current equilibrium. Before the trend is confirmed, waiting is often wiser than rushing to bet.