Bitcoin's slight correction yesterday was actually a consolidation, forming a small-scale movement center, which laid the foundation for this morning's breakout.



My previous judgment was that it would first stabilize and break through the 93,000 level, mainly based on the 160-day moving average on the 10-hour cycle — this is the first key resistance. Now that it has broken above, the next focus is very clear: whether it can stay stable.

If this level can hold, the next observation point shifts to around 95,000. This coincides with the 80-day moving average on the daily chart, which is a typical pattern of medium-term support turning into resistance. Breaking through this point will be very critical.

In simple terms, it’s now about testing the strength of the short-term breakout, then gradually aiming for higher targets.
BTC-0.95%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
ZKSherlockvip
· 10h ago
actually... these moving average crossovers are just pattern matching on historical data, right? like the 160-day MA at 93k works until it doesn't. what's the actual trust assumption here—that past volatility predicts future price action? seems like exactly the kind of heuristic that breaks down when you need it most tbh
Reply0
SnapshotBotvip
· 01-05 06:56
How to say that 93,000 has stabilized, can it break 95? I have no confidence.
View OriginalReply0
MergeConflictvip
· 01-05 06:56
93,000 holds steady and then heads straight to 95,000, feels like this wave is a bit fierce --- Breaking through resistance levels, honestly, still depends on volume; relying solely on moving averages... feels a bit虚虚 --- It's both consolidation and a central zone, every time I say this, then it drops,套路了 --- 10-hour 160-day moving average? Bro, I haven't really tried this indicator combination before, feels a bit flashy --- I'm not too optimistic about the 95,000 resistance; historically, it has been stuck there several times --- Right now, it's definitely a testing period; either a breakout or a death --- Holding steady at 93,000 is already tough, and thinking about 95,000... it's premature to say --- Tired of hearing about medium-term support turning into resistance; key still depends on market sentiment --- Alright, just waiting to see if it can break through 95, betting on it --- This analysis is clear, just not sure if there will be another sharp dip to slap in the face
View OriginalReply0
tx_pending_forevervip
· 01-05 06:41
If I can't hold on to 93,000, I'll just laugh. Here comes another good show.
View OriginalReply0
ThatsNotARugPullvip
· 01-05 06:30
93,000 has been reached, but whether it can be maintained is the real question; don't let it drop again.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)