Bitcoin has been consolidating at high levels, with a noticeably weakening upward momentum. Trading volume has been shrinking, and the 94,000 mark has been tested several times without a breakout. Bulls and bears are currently locked in a tight standoff.
From the market perspective, a directional move may be imminent after this period of consolidation. Downward pressure is building up, so following the trend and setting up short positions may be a safer approach.
For trading, consider shorting in the 92,800 to 93,200 range, targeting 91,000. For a more aggressive approach, you can look for around 90,500. $BTC $ETH
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HypotheticalLiquidator
· 2h ago
Volume is shrinking and both bulls and bears are at a standoff—this is the calm before a major crash. If 94000 can't be broken, that wall below is much heavier than expected.
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ShibaOnTheRun
· 12-05 06:22
Why can't it break through 94000? Is it really going to drop this time?
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AirdropHunterWang
· 12-05 06:21
If 94,000 can't be broken, be careful—it feels like it might drop.
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MemeCoinSavant
· 12-05 06:18
ngl this 94k rejection pattern is giving major "cope" energy... regression analysis on volume decay suggests we're actually cooked here. statistically speaking (p < 0.05), those short entries look based af rn tbh
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LayerZeroJunkie
· 12-05 05:59
94,000 is still stuck there. I think the bulls are looking a bit weak.
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GmGmNoGn
· 12-05 05:53
If 94,000 can't be broken, it's really a bit risky. Feels like it's going to drop.
#美联储重启降息步伐 【BTC Watch】
Bitcoin has been consolidating at high levels, with a noticeably weakening upward momentum. Trading volume has been shrinking, and the 94,000 mark has been tested several times without a breakout. Bulls and bears are currently locked in a tight standoff.
From the market perspective, a directional move may be imminent after this period of consolidation. Downward pressure is building up, so following the trend and setting up short positions may be a safer approach.
For trading, consider shorting in the 92,800 to 93,200 range, targeting 91,000. For a more aggressive approach, you can look for around 90,500. $BTC $ETH