What’s the current situation with Bitcoin? It’s being pushed down hard. The $98,000 level has become a battleground between bulls and bears — the order book above is ridiculously thick, and technically, it’s like a wall. Institutions are increasing their holdings openly and secretly, while macro policies are wavering. When these two forces collide, they form the toughest resistance zone at the moment.
Want to break through the previous high in one go? Honestly, the chances are slim. The short-term trend is likely to be oscillation and correction — keep an eye on the $93,500 to $94,000 range below; whether it can hold is the key.
Ethereum is not going to be easy either. It’s also facing strong resistance near the previous high. Recently, the turnover at high levels has increased sharply, and liquidity is being consumed. Whether it can rebound later depends on how deep this correction goes. There’s also a pattern here: Ethereum’s support levels generally follow Bitcoin’s rhythm; the two are linked and cannot operate independently.
Simply put, it’s a matter of waiting — waiting for the market to choose a direction, waiting for liquidity to recover.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
3
Repost
Share
Comment
0/400
DefiSecurityGuard
· 13h ago
ngl, that 98k wall is giving classic honeypot vibes... not saying rugpull, but the order book pattern? DYOR before you stack tbh. also 93.5-94k support needs real volume confirmation or it's just printed lines. not financial advice obv.
Reply0
AirdropHunterXiao
· 13h ago
98000 this wall is really incredible, the institutions are secretly adding positions there.
View OriginalReply0
GasFeeTherapist
· 13h ago
The 98k wall is really tough to the point of being absurd; institutions are secretly playing small tricks.
#Strategy加仓BTC January 15th $BTC and $ETH Market Observation
What’s the current situation with Bitcoin? It’s being pushed down hard. The $98,000 level has become a battleground between bulls and bears — the order book above is ridiculously thick, and technically, it’s like a wall. Institutions are increasing their holdings openly and secretly, while macro policies are wavering. When these two forces collide, they form the toughest resistance zone at the moment.
Want to break through the previous high in one go? Honestly, the chances are slim. The short-term trend is likely to be oscillation and correction — keep an eye on the $93,500 to $94,000 range below; whether it can hold is the key.
Ethereum is not going to be easy either. It’s also facing strong resistance near the previous high. Recently, the turnover at high levels has increased sharply, and liquidity is being consumed. Whether it can rebound later depends on how deep this correction goes. There’s also a pattern here: Ethereum’s support levels generally follow Bitcoin’s rhythm; the two are linked and cannot operate independently.
Simply put, it’s a matter of waiting — waiting for the market to choose a direction, waiting for liquidity to recover.