I am focusing on the rejection signals and short opportunities for BTC at the 98.5k level. This range is approximately between 97.3k and 100k, which is a very critical support-resistance turning point.
From a technical perspective, if BTC can successfully rebound here and stay above 100k, it may quickly surge to 102k or even 105k. Conversely, if it encounters a significant breakdown at this pivot point, it could signal a market shift, with a subsequent drop to below 80k as a new low not being impossible.
This is an extremely critical technical junction, and the market is about to make a decision.
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airdrop_huntress
· 7h ago
98.5 is really about to explode; it feels like it will either go up to 105 or break below 80, with no middle ground.
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ETHReserveBank
· 7h ago
98.5k is really a critical point; whether it breaks or not depends on these two days. It feels like it's going to cool off.
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LucidSleepwalker
· 7h ago
98.5k, this threshold really needs to be watched carefully. Either break 105k or fall below 80k, it all depends on how the market chooses.
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Is it over once it breaks 100k? It feels like it also depends on whether 80k can hold.
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The pivotal point is here, bears should wake up now.
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If this rebound fails, it will really look bad, but it could also be the last chance to bottom fish?
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No matter how accurate the technical analysis is, we still need to wait for market signals. It's too early to draw conclusions now.
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Every point below 100k could change the game, which is why I dislike this kind of stagnant market.
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The narrow fluctuation from 97.3k to 100k is really torturous. Will it break through or collapse?
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Anyone who understands technical analysis can see the key levels, but no one can guess what big funds are thinking.
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Below 80k? That would be really brutal, but it’s definitely a possibility.
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Another "extremely critical" level, I've heard this too many times, and I’ve forgotten how it ended each time.
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SelfCustodyIssues
· 7h ago
Bro, this level is really risky, 100k is truly the line between life and death.
The bears are definitely holding back a big move here.
If 98.5k doesn't break, I'll keep holding long; once it breaks below, I need to face reality.
Honestly, I'm a bit nervous; it feels like this wave of the market will determine the winner or loser.
If it breaks above 100k, I might chase in, but I also need to be prepared for a pullback.
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GasWrangler
· 7h ago
nah technically speaking, if you actually analyze the mempool data around this pivot, the rejection patterns are demonstrably sub-optimal for most retail traders. the 97.3-100k range? mathematically superior entry points exist if you dig into the transaction flow analysis, but nobody bothers doing the work. most are just eyeballing it lol
I am focusing on the rejection signals and short opportunities for BTC at the 98.5k level. This range is approximately between 97.3k and 100k, which is a very critical support-resistance turning point.
From a technical perspective, if BTC can successfully rebound here and stay above 100k, it may quickly surge to 102k or even 105k. Conversely, if it encounters a significant breakdown at this pivot point, it could signal a market shift, with a subsequent drop to below 80k as a new low not being impossible.
This is an extremely critical technical junction, and the market is about to make a decision.