Bitcoin reached a new high in the early session, almost touching the 98,000 level, but the current pullback is quite normal and shouldn't be over-interpreted.
98,000 is a watershed—it's historically been the start of a downtrend. If the daily chart can hold above this level, the next target naturally points to 100,000.
From a technical perspective, Bitcoin experienced a false breakout, followed by a falling flag pattern, and also formed a Evening Star candlestick, indicating a clear sign of a pullback. The move from 90,000 to 98,000 and then back to around $3,000 is within a reasonable range.
Pay special attention to volume—currently, trading volume is shrinking, and the downward momentum isn't strong enough. As long as it doesn't break below the support zone of 95,572–95,261 in the flag pattern, it likely won't fall to 93,800. The probable scenario is oscillating around the 95,000 range before attempting a second push towards 98,000.
The first failure to break through isn't a problem, but if it stalls again, be cautious of a deeper correction.
**$BTC Trading Strategy**: - Break above 96,917 with volume (long entry), target 98,050–99,292 - Break below 95,753 with volume and fail to rebound (short entry) - Resistance levels: 96,917 / 98,050 / 99,292 - Support levels: 95,572 / 94,408 / 93,801 - Hourly chart break below 96,126, watch for support at 94,655–93,557
**$ETH Trading Strategy**: - Break above 3,341 with volume (long entry), target 3,379–3,453 - Break below 3,310 (short entry) - Confirm support on pullback at 3,223 to go long, stop loss below 3,183 - Attempt short around 3,403, stop loss above 3,453 - Left-side long entry at 3,148, exit if below 3,103 - Resistance levels: 3,341 / 3,379 / 3,453 - Support levels: 3,312 / 3,281 / 3,221 - Hourly chart break below 3,309, look for a drop to 3,271–3,221
Important reminder: Always set stop-loss orders for all trades to prevent risks from getting out of control.
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JustAnotherWallet
· 8h ago
Breaking through the 98,000 barrier requires a second attempt to count; otherwise, you really need to be careful.
View OriginalReply0
SelfRugger
· 8h ago
The 98,000 level is a bit tough; if I get stuck again the second time, I'll just give up.
View OriginalReply0
RetroHodler91
· 8h ago
This level at 98000 is really frustrating. If we can't pass it the second time, we need to be careful.
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WhaleWatcher
· 8h ago
This threshold of 98,000 really got stuck. If the second attempt still doesn't work, then we really need to be cautious.
View OriginalReply0
BetterLuckyThanSmart
· 8h ago
This threshold of 98,000 is really a bit frustrating; it feels like Bitcoin wants to break through but is hesitant.
#美国消费者物价指数发布在即 Market Quick Review for January 15th Noon
Bitcoin reached a new high in the early session, almost touching the 98,000 level, but the current pullback is quite normal and shouldn't be over-interpreted.
98,000 is a watershed—it's historically been the start of a downtrend. If the daily chart can hold above this level, the next target naturally points to 100,000.
From a technical perspective, Bitcoin experienced a false breakout, followed by a falling flag pattern, and also formed a Evening Star candlestick, indicating a clear sign of a pullback. The move from 90,000 to 98,000 and then back to around $3,000 is within a reasonable range.
Pay special attention to volume—currently, trading volume is shrinking, and the downward momentum isn't strong enough. As long as it doesn't break below the support zone of 95,572–95,261 in the flag pattern, it likely won't fall to 93,800. The probable scenario is oscillating around the 95,000 range before attempting a second push towards 98,000.
The first failure to break through isn't a problem, but if it stalls again, be cautious of a deeper correction.
**$BTC Trading Strategy**:
- Break above 96,917 with volume (long entry), target 98,050–99,292
- Break below 95,753 with volume and fail to rebound (short entry)
- Resistance levels: 96,917 / 98,050 / 99,292
- Support levels: 95,572 / 94,408 / 93,801
- Hourly chart break below 96,126, watch for support at 94,655–93,557
**$ETH Trading Strategy**:
- Break above 3,341 with volume (long entry), target 3,379–3,453
- Break below 3,310 (short entry)
- Confirm support on pullback at 3,223 to go long, stop loss below 3,183
- Attempt short around 3,403, stop loss above 3,453
- Left-side long entry at 3,148, exit if below 3,103
- Resistance levels: 3,341 / 3,379 / 3,453
- Support levels: 3,312 / 3,281 / 3,221
- Hourly chart break below 3,309, look for a drop to 3,271–3,221
Important reminder: Always set stop-loss orders for all trades to prevent risks from getting out of control.