Bitcoin's recent rebound finally did not disappoint. According to the previously mentioned C-structure retracement level, the rebound at the 0.618 level has been realized, and many people entered the market here.
From the trading volume, there are currently no signs of a top; instead, it looks like a normal distribution process after previous liquidations. This small retracement is actually quite normal.
Next, focus on the price range of 94,000 to 94,500 — this is a key support-resistance swap zone. If effective support can be established here, the subsequent rebound potential becomes promising. Once this level is held, it will provide a good low-entry opportunity for bullish traders.
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DegenDreamer
· 12h ago
94,000 is the threshold that must be maintained; otherwise, we will have to tell the story again.
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ShortingEnthusiast
· 12h ago
0.618 that wave really caught, but at this price level now, it feels like there's nothing new
If we can't hold 94,000, then let's just wait and watch the show. Anyway, I'm short
This volume looks a bit fake. Is it really distribution or what the hell is going on
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MemecoinTrader
· 12h ago
ngl the 0.618 retracement play was textbook, but what nobody's talking about is the *social sentiment multiplier* we just activated. volume patterns suggest we're in classic post-liquidation distribution mode rn. the real alpha? 94-94.5k is where consensus breaks or consolidates... watch which narrative wins here fr
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MEVictim
· 13h ago
0.618 truly did not disappoint, I already said this position can hold up.
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DustCollector
· 13h ago
9.4-9.45K this critical level really can't hold, it depends on whether the volume can cooperate
The 0.618 rebound indeed provided an opportunity, but the most feared thing during the distribution phase is a sudden drop
If this support can't hold this time, it will be another bottoming process...
The volume is still decent, at least I haven't seen signs of a top, just hold steady and it's all good
The space above 9.45K is indeed tempting, it all depends on whether it can move steadily
Bitcoin's recent rebound finally did not disappoint. According to the previously mentioned C-structure retracement level, the rebound at the 0.618 level has been realized, and many people entered the market here.
From the trading volume, there are currently no signs of a top; instead, it looks like a normal distribution process after previous liquidations. This small retracement is actually quite normal.
Next, focus on the price range of 94,000 to 94,500 — this is a key support-resistance swap zone. If effective support can be established here, the subsequent rebound potential becomes promising. Once this level is held, it will provide a good low-entry opportunity for bullish traders.