Looking at recent Bitcoin data, the turnover rate has slightly increased, remaining generally within normal levels. After the New Year's Day holiday, both trading volume and turnover rate saw significant rises. Previously, there was concern about entering a dull market, but it now seems not so bad.
Although BTC's trend is somewhat decoupled from the US stock market, with the US stocks rallying, Bitcoin has also moved up from the $88,000 fluctuation zone to the $90,000 level. As the weekend approaches, the upward momentum feels a bit exhausted, but the price is still temporarily holding above $90,000, indicating that this price level has formed a consensus support. The ultimate decision still depends on US monetary policy; as long as there are no surprises over the weekend, it should be fine.
From a technical perspective, a pullback to the $89,858-$89,340 range is a good opportunity to add long positions, and an upward target to watch is around $92,500 for a rebound.
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OffchainOracle
· 17h ago
I'm not too worried about the normal turnover rate, but I'm afraid the Federal Reserve might launch a surprise attack over the weekend, and by then, the consensus support at $90,000 will be pointless.
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DAOdreamer
· 17h ago
Fortunately, it didn't keep falling, or I would have really vomited blood... The 90,000 level feels like a psychological price point; let's just hope the Federal Reserve doesn't cause any surprises over the weekend.
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LidoStakeAddict
· 18h ago
The 90,000 level has indeed stabilized. It seems that as long as the Federal Reserve doesn't cause any issues, the weekend should be fine.
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OnchainGossiper
· 18h ago
If I can't hold onto $90,000, I'll just laugh. It's truly uncomfortable to have to act according to the Federal Reserve's mood.
Looking at recent Bitcoin data, the turnover rate has slightly increased, remaining generally within normal levels. After the New Year's Day holiday, both trading volume and turnover rate saw significant rises. Previously, there was concern about entering a dull market, but it now seems not so bad.
Although BTC's trend is somewhat decoupled from the US stock market, with the US stocks rallying, Bitcoin has also moved up from the $88,000 fluctuation zone to the $90,000 level. As the weekend approaches, the upward momentum feels a bit exhausted, but the price is still temporarily holding above $90,000, indicating that this price level has formed a consensus support. The ultimate decision still depends on US monetary policy; as long as there are no surprises over the weekend, it should be fine.
From a technical perspective, a pullback to the $89,858-$89,340 range is a good opportunity to add long positions, and an upward target to watch is around $92,500 for a rebound.