Black Friday these days, Bitcoin's performance has indeed been disappointing. Yesterday's surge to the 97,000 level, which was tested five times without stabilizing, shows that the selling pressure behind it is quite interesting.
The key now is to see how long the support line at 94,588 can hold. Once this line is broken, the subsequent downward space must be taken seriously.
From a rhythm perspective, major market fluctuations are expected to unfold tonight. If this rebound is weak, it is likely to encounter resistance around 96,400. That resistance level is not to be taken lightly; at that point, the market will likely continue to probe downward.
For now, it is still necessary to follow the established strategy—avoid chasing highs and bottom fishing, and wait for clear directional signals.
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MysteryBoxBuster
· 01-18 01:44
97000 tried 5 times and still couldn't stabilize, the selling pressure is really fierce.
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DefiSecurityGuard
· 01-17 19:11
ngl, those 5 rejection attempts at 97k are giving major red flags. classic honeypot setup if you ask me—someone's definitely accumulating below support before the next leg down. 94588's looking pretty sus rn, not gonna lie. DYOR but that breakdown could trigger some gnarly cascades if it breaks.
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TestnetScholar
· 01-17 14:40
97000 tried five times but couldn't stabilize, the selling pressure is really intense.
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TokenToaster
· 01-16 04:01
97000 tried 5 times without holding, this selling pressure is indeed fierce. It feels like if the 94588 level breaks, we should be prepared to bottom fish.
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LiquidityNinja
· 01-16 04:01
97000 tried 5 times and couldn't hold, the selling pressure is indeed fierce. Be really careful if it breaks 94588.
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MetaverseMigrant
· 01-16 04:01
97000 tried five times and couldn't hold, the selling pressure is really strong, feels like it's going to break 94588.
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GasFeeCrybaby
· 01-16 03:59
97,000 tried 5 times without stabilizing, this selling pressure is really fierce.
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WenMoon42
· 01-16 03:42
Tried 5 times and still can't stabilize, the selling pressure is really intense, feels like it's going to break 94588.
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AllTalkLongTrader
· 01-16 03:37
97,000 tried 5 times and still can't stabilize. This selling pressure is indeed quite fierce.
94,588 won't break, so I'll keep watching the show. Once it breaks, be cautious.
Let's talk about the evening market when it arrives. For now, it's mainly observing.
Black Friday these days, Bitcoin's performance has indeed been disappointing. Yesterday's surge to the 97,000 level, which was tested five times without stabilizing, shows that the selling pressure behind it is quite interesting.
The key now is to see how long the support line at 94,588 can hold. Once this line is broken, the subsequent downward space must be taken seriously.
From a rhythm perspective, major market fluctuations are expected to unfold tonight. If this rebound is weak, it is likely to encounter resistance around 96,400. That resistance level is not to be taken lightly; at that point, the market will likely continue to probe downward.
For now, it is still necessary to follow the established strategy—avoid chasing highs and bottom fishing, and wait for clear directional signals.