2026-01-16 02:29:11

On the morning of the 6th, Bitcoin surged to around 97,200 last night but then lost momentum, subsequently retracing to stabilize at the 95,000 level. From the market perspective, the bullish momentum is clearly weakening, and currently the bears have gained the upper hand.

However, this level is quite tricky—there's strong resistance above and solid support below, so there are no clear directional signals in the short term.

My suggestion is to mainly short on rebounds and patiently wait for the market to give a clear signal. Specifically, if the price rebounds to the 96,500-97,500 range, consider entering short positions, with target levels around 93,000-94,000. Ethereum can follow a similar approach.

BTC-0,4%

ETH0,56%

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PuzzledScholar

· 01-16 23:50

97200 lacks strength, which is indeed awkward. Now it's just a matter of whether we can hold above 95000. Rebound to 96500 before entering a short position—I agree with this approach, but it depends on whether the market gives us that opportunity.

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