2026-01-08 05:23:37

BTC is currently at a sensitive crossroads. After multiple attempts to push higher and then retreat, the price has returned to a key zone and begun consolidating, with the bullish momentum clearly waning. From a macro perspective, the continued inflow into spot ETFs can provide some support, but on the other hand, the selling pressure from profit-taking is gradually increasing. Market participants' views are beginning to diverge, and trading sentiment has become more cautious.

From a technical standpoint, BTC is oscillating around 91048.9 USDT. The support zone below is between 90634.1 and 93467.1, while there is a clear resistance at 92249.3. It is important to note that the price is approaching the resistance level at 92249.3, and this risk level should be taken seriously. Further resistance is concentrated in the 91666.0-94760.3 range.

For traders, the current strategy could be to place short orders near resistance levels and set stop-loss points upon a breakout. Overall, BTC needs to digest selling pressure within this range and wait for a clear breakout signal to determine the future direction. The current market state often indicates either a buildup phase or the need for further adjustment.

BTC0.61%

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TommyTeacher1

· 01-08 05:53

Another frustrating market situation, the bulls are losing momentum. If we can't break through 92 this time, be cautious; it feels like a shakeout is coming. Spot ETF is holding up, but profit-taking is really happening. Still, wait for a signal; acting recklessly could lead to being trapped. If you're shorting, try around 92, and set tight stop-losses.

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PumpDetector

· 01-08 05:50

smart money's been quietly rotating, classic accumulation psychology playing out rn... institutional flows masking the real battle at those levels, not buying the "consolidation" narrative tbh

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CodeSmellHunter

· 01-08 05:28

It's starting to fluctuate again, and this time I really feel there's no direction... Wait, short at this position? The risk is too high, I think I'll stay on the sidelines. Profit-taking is fleeing, this wave is a bit fierce. Is it accumulation or adjustment? We'll find out then. With such heavy selling pressure, it’s uncomfortable, the bulls really have no strength left. The 92249 line is really tightly stuck, it can't break through. Set your stop-loss properly, don't be greedy. How long can the inflow of spot ETFs last? I'm a bit worried. This consolidation is a bit annoying, how much longer will it last?

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