That daily pivot point? Still hanging there. Don’t rush to call a reversal before it’s firmly established—trends don’t change just because we say so.
Right now, keep a close eye on the hourly chart; it’s moving in an ascending channel. The lower boundary is around 8.7 to 8.6, the upper target is 9.6, and the key level in between is 9.15—if this level is broken through, then the upper boundary becomes the next target.
To put it simply, the market will keep testing these points over the next few days. Bulls and bears are locked in a tug-of-war, so just stick to guarding these levels in your trades.
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MetaverseMigrant
· 12-09 16:00
Don't rush, the 9.15 level is the real litmus test—only a breakout counts.
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ImpermanentPhilosopher
· 12-09 11:27
Whether the 9.15 threshold is broken or not makes a world of difference. Let's wait and see.
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MetaMaskVictim
· 12-08 22:14
The 9.15 hurdle—it feels like it’ll take a few more days of trouble before we get past it.
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Degen4Breakfast
· 12-08 02:45
The key level at 9.15 needs to be broken through; otherwise, the consolidation will continue.
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NFTPessimist
· 12-08 02:36
What reversal are you hyping up here again? Can't even break 9.15, what's there to talk about?
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JustAnotherWallet
· 12-08 02:34
It feels like the 9.15 level will need to be tested a few more times.
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GasGuru
· 12-08 02:33
The 9.15 level is really crucial; we have to see if the bulls have enough strength to break through.
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MetaMuskRat
· 12-08 02:26
If 9.15 can't be broken, stop talking about a reversal. Just honestly keep getting slapped back and forth in the 8.6-9.6 range.
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DaoResearcher
· 12-08 02:26
According to on-chain data and governance proposal voting records, this technical analysis framework actually has an incentive incompatibility issue. The premise for the hourly channel theory to hold requires that the behavioral assumptions of market participants be validated with at least 90% confidence, but this is currently far from achievable—see Vitalik's views on Market Microstructure for a detailed discussion. It's worth noting that the breakout probability at the 9.15 level actually involves the classic dilemma of Token Weighted Voting; the distribution of computational power between long and short positions is fundamentally asymmetric, which determines the fragility of the entire channel theory.
BTC at this level, let’s break it down together.
That daily pivot point? Still hanging there. Don’t rush to call a reversal before it’s firmly established—trends don’t change just because we say so.
Right now, keep a close eye on the hourly chart; it’s moving in an ascending channel. The lower boundary is around 8.7 to 8.6, the upper target is 9.6, and the key level in between is 9.15—if this level is broken through, then the upper boundary becomes the next target.
To put it simply, the market will keep testing these points over the next few days. Bulls and bears are locked in a tug-of-war, so just stick to guarding these levels in your trades.