Bitcoin has been oscillating between $89,000 and $92,000 recently, with support firmly held at the $89,500-$90,000 level, and several attempts to break below have failed. There is significant resistance overhead, with $91,800-$92,000 acting as a hurdle, and further up, $93,300-$93,400 adds to the pressure.
The possibility of a breakdown needs to be carefully considered. Once the $92,000 level is broken, the upward potential could extend all the way above $94,000. Conversely, if the $89,500 support cannot hold, caution is needed as a dip to $88,000-$88,700 is possible. The most concerning aspect here is that a false breakout could occur at any time, so be careful not to be fooled.
Market signals indicate that in the next 1-2 weeks, the true trend will likely become clear, and the current oscillation pattern should break. The key depends on how related assets like US stocks and gold perform, as their momentum directly influences Bitcoin's direction.
Strategy-wise, start with a light long position and follow the trend, avoiding greed.
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SerumSurfer
· 8h ago
Fumbling repeatedly in this broken box between 89-92, is it never-ending?
Whether 92,000 breaks or not is the key, otherwise it's just fake bullishness.
Fake breakout is the most brilliant move; every time it can trap a wave of short sellers. I've learned not to chase anymore.
Small positions + following the trend, sounds simple but really is the ultimate.
Waiting for signals from the US stocks and gold; the temperaments of these two are crucial.
Can the 88,000 level really hold? I have a feeling it needs to be tested once.
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ShitcoinArbitrageur
· 15h ago
It's another fluctuation; this routine is getting old.
89500 really can't hold? I bet it will break.
Fake breakouts are unpredictable; better to stay on the sidelines.
Light positions for long can work, just worried about chasing high and getting trapped.
If the US stocks shake, everything is pointless; it's uncomfortable to watch.
If we can't reach 94 in this wave, it will be meaningless.
First, stay out of the market and watch coldly to avoid getting cut.
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SnapshotBot
· 19h ago
Still dithering back and forth in this range, so annoying.
Fake breakouts are really hard to defend against.
I agree with small positions going long; the greedy ones got cut.
If the US stocks drop these days, Bitcoin won't have a good time either.
Once 89,500 breaks, be cautious; the room isn't big.
92,000 is the key level; only after breaking it will there be room for imagination.
Let's wait and see, no rush to enter.
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GasFeeCrying
· 01-12 03:56
Still bouncing on the deadly tiles of 89-92, I'm numb.
Fake breakouts are really hard to defend against; let's wait for signals from the US stock market.
Keep a small position and hang in there, don't think about getting rich overnight, everyone.
If 89500 breaks, just run; don't be greedy.
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ConsensusDissenter
· 01-12 03:56
89500 this line is really a bit heartbreaking, feels like I still need to wait and see
I believe in a breakout upwards, but the probability of a false breakout is higher, bro
The US stocks and gold are indeed leading the rhythm this time, I dare not increase my position rashly
Lightly hold and wait for signals in 1-2 weeks
Again, sideways trading? Really a torture
If 92000 can't be broken, it seems the downward move is more likely
Don't think about soaring to the sky first, calmly bottom-fishing is the key
Why does it feel like every time we keep confirming support at these few levels
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rekt_but_resilient
· 01-12 03:55
Still dithering in the annoying 89-92 range
Fake breakouts can really mess with people; let's wait until a breakout happens
I really can't handle a small position; there are too many hidden traps in this wave
If the US stock market turns hostile again, it's over; gold needs to keep up
See the real move in 1-2 weeks, right now it's just a gambler's mindset
Anyway, don't be greedy; it's not too late to get in after breaking 92
View OriginalReply0
BlockchainFoodie
· 01-12 03:54
honestly the support holding at 89.5k is giving me major farm-to-fork viability vibes... like, can we verify the freshness of these support levels with proof-of-stake consensus? ngl if 92k breaks it's basically the erc-721 moment we've been waiting for, but nah the fake breakouts are killing me every single time
Reply0
gas_fee_therapist
· 01-12 03:39
All just messing around with false breakouts, I choose to lie flat and observe.
Whether 92000 breaks or not is the key, let's wait a bit longer.
Keep a small position and just go with it, don't overthink.
I'm really holding firm at the 89500 level, I believe.
Instead of guessing about the US stocks or gold, it's better to listen to the candlestick charts.
It's another 1-2 weeks, it's the same every year.
After so many pinpoints, I've become numb.
Bitcoin has been oscillating between $89,000 and $92,000 recently, with support firmly held at the $89,500-$90,000 level, and several attempts to break below have failed. There is significant resistance overhead, with $91,800-$92,000 acting as a hurdle, and further up, $93,300-$93,400 adds to the pressure.
The possibility of a breakdown needs to be carefully considered. Once the $92,000 level is broken, the upward potential could extend all the way above $94,000. Conversely, if the $89,500 support cannot hold, caution is needed as a dip to $88,000-$88,700 is possible. The most concerning aspect here is that a false breakout could occur at any time, so be careful not to be fooled.
Market signals indicate that in the next 1-2 weeks, the true trend will likely become clear, and the current oscillation pattern should break. The key depends on how related assets like US stocks and gold perform, as their momentum directly influences Bitcoin's direction.
Strategy-wise, start with a light long position and follow the trend, avoiding greed.