The surge early this morning reached 91200 before starting to face resistance. This high point's resistance characteristics are very clear; short-term resistance is now in front of us. The bulls' momentum is somewhat weak at this moment, and market selling pressure is gradually being released.
From the daily chart, after the previous correction, trading volume has not kept up, making it impossible to support a breakout, resulting in a sideways tug-of-war. The price repeatedly oscillates around the upper band of the Bollinger Bands. The few dips to the key support at 89000 were not truly broken, indicating that there is still some buying strength below. But don't get your hopes too high above; the resistance there is very tight, and an effective breakout has not been formed. The bulls and bears are stalemated, and it's still unclear who will prevail.
In the short term, selling pressure above still exists, and the Bollinger Bands are still converging. Intraday trading strategy: mainly short positions at high levels.
Reference Data: • $BTC: Focus on shorts in the 91000-91500 range, with support around 89000 • $ETH: Focus on shorts in the 3130-3150 range, with support around 3070
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MechanicalMartel
· 01-12 01:20
It's the same old trick again, starting to shake people out at 91200.
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LightningClicker
· 01-12 01:19
The position at 91200 indeed topped out, I had already sold half long ago.
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TradFiRefugee
· 01-12 01:05
91200 just gets stuck, this pressure point is really a bit stubborn.
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BlockchainBrokenPromise
· 01-12 00:55
It's that 91200 again, really annoying, stuck here every day.
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TokenAlchemist
· 01-12 00:51
ngl the 91.2k rejection screams weak hands got liquidated at resistance... classic inefficiency vector. volume profile's basically begging for a cascade down to 89k ngl
#美国非农就业数据未达市场预期 【Midday Market Observation】$BTC $ETH Technical Analysis Scan
The surge early this morning reached 91200 before starting to face resistance. This high point's resistance characteristics are very clear; short-term resistance is now in front of us. The bulls' momentum is somewhat weak at this moment, and market selling pressure is gradually being released.
From the daily chart, after the previous correction, trading volume has not kept up, making it impossible to support a breakout, resulting in a sideways tug-of-war. The price repeatedly oscillates around the upper band of the Bollinger Bands. The few dips to the key support at 89000 were not truly broken, indicating that there is still some buying strength below. But don't get your hopes too high above; the resistance there is very tight, and an effective breakout has not been formed. The bulls and bears are stalemated, and it's still unclear who will prevail.
In the short term, selling pressure above still exists, and the Bollinger Bands are still converging. Intraday trading strategy: mainly short positions at high levels.
Reference Data:
• $BTC: Focus on shorts in the 91000-91500 range, with support around 89000
• $ETH: Focus on shorts in the 3130-3150 range, with support around 3070