On January 6th, Bitcoin's rebound point may fall within the range of the left-side bearish structure extension at 2.618 (98k) and the 1-hour upward extension at 2.618 (101k). Based on this, I am temporarily not considering a bearish outlook from a long-term perspective. Even if relevant actions are taken, they should wait until the right-side structure completes a rebound and tests resistance before acting.
Currently, there are two expected structures: The first scenario is that the rebound segment completes directly, with a retracement not exceeding 0.5, and the market induces long positions through short squeeze, then begins a new long-term downtrend. The second scenario is a short-term 1-hour retracement, with an expected support in the 91,000 - 92,500 range. Afterwards, the 1-hour chart shows another rebound with a breakout of the high point, followed by a slight pullback, reaching the target above 98,000, and then starting a downward trend.
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【BTC Market Outlook】
On January 6th, Bitcoin's rebound point may fall within the range of the left-side bearish structure extension at 2.618 (98k) and the 1-hour upward extension at 2.618 (101k). Based on this, I am temporarily not considering a bearish outlook from a long-term perspective. Even if relevant actions are taken, they should wait until the right-side structure completes a rebound and tests resistance before acting.
Currently, there are two expected structures:
The first scenario is that the rebound segment completes directly, with a retracement not exceeding 0.5, and the market induces long positions through short squeeze, then begins a new long-term downtrend.
The second scenario is a short-term 1-hour retracement, with an expected support in the 91,000 - 92,500 range. Afterwards, the 1-hour chart shows another rebound with a breakout of the high point, followed by a slight pullback, reaching the target above 98,000, and then starting a downward trend.
Personally, I lean more towards the second scenario, and the ETH structure is consistent with BTC. #Gate2025年度报告 #比特币六连涨 #Meme币板块回暖 $BTC $GT $ETH