Bitcoin's recent rally has slowed down, and it is now in a consolidation phase at high levels. Looking at the order book, the main fluctuation range is between 92,000 and 93,000.
From a daily chart perspective, the upward momentum has clearly slowed, and it is currently in a technical correction stage. Under this pattern, there is a good chance of a short-term pullback to release some pressure. However, the key point is— as long as it does not break below the support level, and the sideways consolidation continues, it indicates that the bottom support is solid, which is actually a sign of strong adjustment.
As long as there are no clear signals of a trend reversal to the downside, the strategy should continue to follow the trend. It’s smarter to act after a pullback occurs. If in the afternoon it really dips back to around 92,400 or even 91,900, consider building long positions in batches. The initial target is to watch the key level at 93,500, and then see if it can reach 94,500, which will depend on the trading volume.
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OldLeekMaster
· 6h ago
Repetitive swings between 92,000 and 93,000; this rhythm is indeed a bit annoying. However, stable support is still a good sign. Just wait for the pullback to buy the dip.
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MetaverseHomeless
· 01-07 05:57
The oscillation between 92 and 93 feels like the big players are testing the waters. With such solid bottom support, how could it really drop?
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ProveMyZK
· 01-07 05:55
The 92,000 level is indeed a bit sticky; it feels like the main force is testing bottom support.
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0xLuckbox
· 01-07 05:51
Again, oscillating within the 92,000-93,000 range, the repetitive pattern is a bit annoying to watch.
If this correction really happens, around 92,400 is indeed a good entry point.
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ColdWalletAnxiety
· 01-07 05:46
The range between 92 and 93 keeps pulling back and forth. It's so boring. Just break through early already.
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MetaverseHermit
· 01-07 05:42
Hopping back and forth between 92,000 and 93,000 may look exhausting, but as long as it doesn't break below the bottom, it indicates that the bulls still have strength. Just keep waiting for opportunities.
Bitcoin's recent rally has slowed down, and it is now in a consolidation phase at high levels. Looking at the order book, the main fluctuation range is between 92,000 and 93,000.
From a daily chart perspective, the upward momentum has clearly slowed, and it is currently in a technical correction stage. Under this pattern, there is a good chance of a short-term pullback to release some pressure. However, the key point is— as long as it does not break below the support level, and the sideways consolidation continues, it indicates that the bottom support is solid, which is actually a sign of strong adjustment.
As long as there are no clear signals of a trend reversal to the downside, the strategy should continue to follow the trend. It’s smarter to act after a pullback occurs. If in the afternoon it really dips back to around 92,400 or even 91,900, consider building long positions in batches. The initial target is to watch the key level at 93,500, and then see if it can reach 94,500, which will depend on the trading volume.