The market has once again experienced a rally. Bitcoin pulled back after reaching the resistance zone of 93,200-93,400 yesterday. How high this rebound can go has become the most important question right now.



**Bitcoin Technical Analysis**

The short-term support key level is between 91,500-91,700. Whether this area can hold directly determines the structural integrity of this upward move. If it fails, there are two more support lines below at 89,800 and 88,700. Once the support at 91,500 is effectively maintained, the key resistance above will be around 95,800, a relatively important technical level.

**Altcoin Trends**

Solana's short-term support is near the 131 price level. As long as it stays above this, there is room for further rebound, with the target around 141.6. If it unfortunately breaks below 131, attention should be paid to the support at 124.5.

Ethereum faced resistance at 3,190 yesterday, with support levels below at 3,045, 2,990, and 2,940. After breaking through the resistance, 3,370 will become the new target.

**Technical Thoughts**

From a daily chart perspective, Bitcoin reached the resistance zone given yesterday and chose to pull back, which is not an ideal signal for the bulls. The next key point is whether the short-term support can once again play a role—if it supports effectively, a further rally is expected; otherwise, the rebound top will be quickly established, followed by a larger correction to accumulate energy for the next trend.
BTC3,25%
ETH4,99%
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
  • 10
  • Repost
  • Share
Comment
0/400
FantasyGuardianvip
· 01-08 04:17
If 91,500 can't hold, then I have to go down to find 89,800. This wave of correction is a bit scary.
View OriginalReply0
SnapshotStrikervip
· 01-07 17:22
91500, this threshold really needs to be held, otherwise it will be another round of sharp decline.
View OriginalReply0
AirdropATMvip
· 01-06 13:01
If we can't hold 91,500, we need to be mentally prepared; this rebound might be coming to an end.
View OriginalReply0
PerennialLeekvip
· 01-05 05:54
Once again, 91,500 is being tested. Can we hold it this time? It feels like the market is repeatedly testing our patience.
View OriginalReply0
PseudoIntellectualvip
· 01-05 05:54
Whether it breaks 91,500 or not, it's really a life-and-death line. It feels like this wave of market movement is still a bit uncertain.
View OriginalReply0
AlphaBrainvip
· 01-05 05:53
This level at 91,500 really needs to be held, or else there will be another round of sharp decline. I don't want my short positions to take more hits.
View OriginalReply0
RamenStackervip
· 01-05 05:53
If we can't hold 91,500, we're done. This rebound feels a bit fake.
View OriginalReply0
MetaMuskRatvip
· 01-05 05:50
If we can't hold 91,500, then let's just watch the show. Anyway, I've already run away.
View OriginalReply0
airdrop_whisperervip
· 01-05 05:44
Can 91,500 hold? Feels risky... or it might just crash down.
View OriginalReply0
FOMOSapienvip
· 01-05 05:39
If you can't hold the 91,500 level, be very careful. It seems this rebound might be doomed.
View OriginalReply0
View More
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)