BTC has repeatedly challenged the 94K level several times, at least five times in my impression. Each rebound gets stuck here, and if it can't break through, it will directly fall back to the 85K range. This phenomenon is indeed worth paying attention to.
From a technical perspective, 94K has become a clear resistance level. Repeatedly being blocked here indicates that the bullish momentum is somewhat weak in this price range, and the bears are defending strongly. This level is indeed critical—if it can be broken through, a new upward channel may open; if it fails again, it will have a significant impact on market confidence.
Hopefully, this time it can stabilize and break through smoothly. Come on, bulls.
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ThesisInvestor
· 01-10 00:19
Five times and still can't break through. If I fail again this time, I will really doubt whether the bulls have any ammunition left.
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SchrodingerWallet
· 01-09 00:08
94K is really a tough barrier, five times, five times, each time it feels like an invisible hand pushes it back
If you can't break through, you just can't break through. The bears are defending fiercely this time
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BearMarketBuyer
· 01-07 05:50
94K card has been used so many times, feels like this time is also uncertain.
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SnapshotBot
· 01-07 05:46
94K this barrier is really tough, five times and still not broken through, a bit uncertain.
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Been pushed back to 85K again? Should the bulls consider a different approach?
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If we fail again this time, it might have to drop below 80 to stabilize.
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Getting stuck at 94K and repeatedly beaten down, the bears are really betting heavily against this level.
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Not breaking 94K is just a joke, stop cheering me on haha.
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It feels like the bulls are a bit exhausted, why can't they take it down after five tries?
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In my opinion, this resistance level is unusual, there must be big funds guarding it.
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Break through 94K? I think it's doubtful, likely to turn around and drop again.
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Every time it reaches this point, it pauses. When can it truly stabilize?
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Five times already, if it fails again, I’ll start to turn bearish.
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Layer2Arbitrageur
· 01-07 05:39
lmao five attempts at 94k and still no breakout? that's just poor liquidity management at this price level. if you actually mapped the order flow dynamics between those bounces, you'd see the real issue—insufficient basis points to sustain any meaningful momentum. typical retail thesis missing the actual MEV extraction happening at rejection zones.
BTC has repeatedly challenged the 94K level several times, at least five times in my impression. Each rebound gets stuck here, and if it can't break through, it will directly fall back to the 85K range. This phenomenon is indeed worth paying attention to.
From a technical perspective, 94K has become a clear resistance level. Repeatedly being blocked here indicates that the bullish momentum is somewhat weak in this price range, and the bears are defending strongly. This level is indeed critical—if it can be broken through, a new upward channel may open; if it fails again, it will have a significant impact on market confidence.
Hopefully, this time it can stabilize and break through smoothly. Come on, bulls.