After reviewing today's trend, I feel a bit helpless. Previously, it broke through the triangle consolidation zone and was about to accelerate upward, but what happened? It immediately retreated to test the previous support level, indicating that the selling pressure above is really strong. The bulls are now clearly a bit exhausted, lacking the momentum to continue.
In the short term, yesterday moved downward unilaterally, and this morning it continued to decline, repeatedly testing the key support levels formed earlier. Overall, the most likely scenario is still a period of consolidation and fluctuation, with the daytime trading around this key support level forming a wide-range sideways pattern.
Trading strategy: - Consider going long on BTC around 90500, 90000 - Target levels are 91800, 93000
Continue to monitor $BTC and $ETH 's coordinated movements with SOL, stay steady, and avoid chasing highs.
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PerennialLeek
· 01-10 23:57
It's dropping again, the selling pressure can't be sustained.
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The bulls are really out of energy right now, no more relay.
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I need to confirm several times about the 90,000 level before I can be at ease.
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I've heard countless times not to chase the high, but I still end up chasing every time haha.
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Can this MSCI news save the market? It feels a bit uncertain.
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Breaking the triangle and then coming back, this market is really torturous.
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Saying to be steady and cautious is easy, but one tremble and I chase the high.
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Wait for 91,800, it probably won't be so soon.
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This dip has washed out all the bulls.
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Such fierce selling, don't expect too much from the rebound.
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DeFiAlchemist
· 01-08 21:13
ngl the triangle breakout looking sus rn... seller pressure's choking the bullish momentum, feels like we're stuck in some kinda yield curve nightmare. those support levels becoming sacred ground again lmao
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TokenomicsTrapper
· 01-08 05:02
lol classic exit pump pattern right there. called this months ago when they were shilling the triangle breakout—textbook greater fool theory. watching liquidations like netflix rn ngl
Reply0
MetaverseLandlord
· 01-08 05:02
Bullish momentum is really frustrating right now. It always feels like it's about to take off, but then it pulls back.
I already said not to chase the highs. We still need to stay at 90,000 and wait for the opportunity.
If the MSCI thing really materializes, it will be interesting. But for now, it still depends on whether BTC can hold up or not.
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ApeDegen
· 01-08 05:00
The selling pressure is so fierce, the bulls are really about to collapse, and they have to repeatedly test the 90,000 level.
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OnchainGossiper
· 01-08 05:00
Starting to repeat the same old tricks again. The selling pressure is high, which means the bulls are weak. How many times have we heard this explanation...
But honestly, it's worth watching around 90,000. Anyway, there's no big surprise now, just wait for them to decide the outcome themselves.
By the way, does the MSCI thing really change anything? It feels like it doesn't have much to do with us retail investors.
The range from 90,000 to 93,000, staying steady within this zone is wiser. Don't get caught chasing the highs.
How long will this consolidation last? I'm a bit tired.
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ForkYouPayMe
· 01-08 04:54
It's the same old trick again. After breaking through, you still need to come back for confirmation. The bulls are really weak right now, and the selling pressure is so fierce. Maybe a move around 90,000 could work, but I'm worried about repeatedly confirming this pattern.
#MSCI未排除数字资产财库企业纳入范围 Thursday Bitcoin Market Review
After reviewing today's trend, I feel a bit helpless. Previously, it broke through the triangle consolidation zone and was about to accelerate upward, but what happened? It immediately retreated to test the previous support level, indicating that the selling pressure above is really strong. The bulls are now clearly a bit exhausted, lacking the momentum to continue.
In the short term, yesterday moved downward unilaterally, and this morning it continued to decline, repeatedly testing the key support levels formed earlier. Overall, the most likely scenario is still a period of consolidation and fluctuation, with the daytime trading around this key support level forming a wide-range sideways pattern.
Trading strategy:
- Consider going long on BTC around 90500, 90000
- Target levels are 91800, 93000
Continue to monitor $BTC and $ETH 's coordinated movements with SOL, stay steady, and avoid chasing highs.