2026-01-07 06:23:30

Based on recent trends, BTC is showing a clear oscillation pattern—initially dropping from around 94,000 to near 91,000 to fill the gap, followed by a rebound. This move alone spans a 6,000-point range.

Specifically, looking at today's performance, during the first rebound in the morning, the price only reached 93,800 before encountering resistance, failing to break through the pressure zone left by yesterday's rapid decline. The second rebound started from 92,200, ultimately only reaching 93,100, a minor resistance level. The rebound heights are decreasing each time, and trading volume is also declining. These signals all indicate one fact—the bulls' energy has been nearly exhausted.

From a technical perspective, today is likely to see a downward trend. The price should test the support level around 90,000.

The key point moving forward is: if the rebound ultimately fails to break above 94,000 again, then the top of this rally will be set at 94,700; but if it can break through 94,000, then the range between 95,000 and 98,000 will open up. Currently, there’s no need to rush into long positions, as the bearish story is not yet over.

BTC-2,08%

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MidnightSeller

· 01-07 06:53

Is this another set? The rebound didn't hold twice, I think it's going to fall. --- 94700 peak? Let's wait and see, if 90000 can't hold, it will break directly. --- The bulls are really tired, the trading volume has been dropping continuously, this signal is too obvious. --- The bear game is still long, don't rush to buy the dip, wait a bit longer. --- Continuous suppression at 93800 and 93100, this rhythm clearly indicates an accumulation of shorting energy. --- What does a 6000-point drop mean? There aren't that many bagholders left in the market. --- If 94000 really can't be broken, then just head straight to 90000, no suspense. --- This rebound is weaker each time, basically a desperate struggle. --- The bear story isn't over yet? I want to hear how the bulls turn around. --- Decreasing trading volume is the key, without volume, everything is pointless.

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fren_with_benefits

· 01-07 06:52

The bulls can't play anymore; this rebound is really weak. *** The real question is whether 90,000 can hold or not. If not, just go test the bottom directly. *** Waiting to see if the 94,000 hurdle can be broken. Trying to go long now is just asking for death. *** It's the same old story: weak rebound, sluggish volume. I bet it will continue to drop this afternoon. *** A drop of 6,000 points has produced such a feeble rebound. Do you think the bulls are still alive? *** The bears' rhythm this time is actually pretty good. 94,700 might really be the top.

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GasBankrupter

· 01-07 06:47

The bulls are almost out of energy. This time, we can only watch the bears perform. 90,000 is waiting.

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ChainWatcher

· 01-07 06:46

You need to hold on to 90,000, or you'll have to make up the difference again.

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ApeShotFirst

· 01-07 06:40

Damn, it dropped below 90,000 again. The bulls are really dead, and the bears are just testing their strength.

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DevChive

· 01-07 06:35

The quantities are all decreasing, and this rally really has no strength left. It seems the bears still have a chance. Wait until around 90,000; don't rush into long positions yet, let the bullets fly for a while. If 94,000 can't be broken through suddenly, it's over, and retail investors will have to cut losses again. This drop of 6,000 points is quite fierce; we need to see if it can hold above 93,500 today.

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