Bitcoin short-term structure analysis is here. Currently, the price is hovering around $92,869. From a technical perspective, the RSI indicator remains neutral to slightly bullish, and the 5-day and 50-day moving averages provide good support signals.
The bullish logic is quite clear— as long as these support levels hold steady, breaking through the $94,000 threshold could open the way toward the $96,000 to $98,000 range. Specifically, the levels of $90,000, $88,000, and $85,000 are key defensive points. If these positions are lost, the downside could extend toward around $83,000.
Conversely, resistance levels are distributed at $94,000, $96,000, and $100,000, which are psychological price points. In the short term, the market is still oscillating, so the most important thing is to closely monitor changes in trading volume and macro news developments, as these two factors often determine the final direction.
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.
13 Likes
Reward
13
6
Repost
Share
Comment
0/400
DustCollector
· 01-07 21:31
It's that same story about support and resistance—if it doesn't break 90,000, it's bullish; if it breaks, wait for a rebound. Truly, it feels like whatever happens, it's right.
View OriginalReply0
LiquidationKing
· 01-05 13:14
Still fluctuating, so annoying. Let's wait until the trading volume is released before making any moves.
View OriginalReply0
MerkleDreamer
· 01-05 05:54
It's the same old routine of support and resistance. Honestly, it just means you can't predict it accurately.
View OriginalReply0
GateUser-e51e87c7
· 01-05 05:53
It's the same explanation again—there are a bunch of support and resistance levels, but the key is whether the volume can break through or not.
View OriginalReply0
MetaverseLandlord
· 01-05 05:39
It's the same old story, still bullish even after breaking 90,000.
View OriginalReply0
Rugpull幸存者
· 01-05 05:34
Drawing plans again? If you can't break 94,000, don't bother complaining.
Bitcoin short-term structure analysis is here. Currently, the price is hovering around $92,869. From a technical perspective, the RSI indicator remains neutral to slightly bullish, and the 5-day and 50-day moving averages provide good support signals.
The bullish logic is quite clear— as long as these support levels hold steady, breaking through the $94,000 threshold could open the way toward the $96,000 to $98,000 range. Specifically, the levels of $90,000, $88,000, and $85,000 are key defensive points. If these positions are lost, the downside could extend toward around $83,000.
Conversely, resistance levels are distributed at $94,000, $96,000, and $100,000, which are psychological price points. In the short term, the market is still oscillating, so the most important thing is to closely monitor changes in trading volume and macro news developments, as these two factors often determine the final direction.