Yesterday early morning, the cryptocurrency market experienced a strong breakout, with Bitcoin surging past the $95,000 mark, ending nearly two months of oscillation, and reaching a high of $96,495. The 24-hour trading volume soared to $31.77 billion, clearly indicating that funds are heavily betting on Bitcoin's bullish outlook.
In this rally, Ethereum performed even better, with a single-day increase of over 7%, successfully reclaiming the $3,300 level. Altcoins also didn't lag behind, with DOGE soaring over 15%, SOL rising 8%, and AXS skyrocketing by 39.48%. Overall, capital rotation is very evident. Although Bitcoin's dominance has slightly decreased to 58.57%, the bullish trend has been clearly established.
From a technical perspective, it is important to note that the RSI has already risen to 70.18, entering overbought territory, which poses a short-term risk of a technical correction. In terms of price levels, Bitcoin's support is at $94,000 (near today's low) and $91,800 (yesterday's low), while resistance is concentrated at the key levels of $96,500 and $100,000.
Regarding trading strategy, it is recommended to focus on short-term buybacks on dips, maintain a hold position for mid-term, and for contract traders, to handle with light positions and strictly set stop-losses. Pay close attention to the resistance zone of $96,500-$97,000, as this will be crucial in determining whether the price can continue to rise.
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ForumMiningMaster
· 01-16 08:06
Bro, AXS has skyrocketed this time, a 39% increase is hard to hold back
Wait, RSI is already over 70, still dare to chase? Risk is real
Why does the 100K mark feel so hard to break through? We've been knocked out a few times before
Light positions, light positions, this wave is too crazy, I should play it safe
A short-term correction is definitely coming, otherwise how to absorb so many buy orders
Honestly, I feel a bit uneasy at the 96500 level, need to see if it breaks or not
Shanzhai coins taking off, ETH being neglected? That shouldn't be
How many people got wrecked by the contracts? This wave... is a bit risky
View OriginalReply0
DefiSecurityGuard
· 01-16 03:49
rsi at 70.18? that's literally textbook overbought territory. not financial advice obv, but i've seen this exact pattern precede rugpulls... well, technically not rugpulls on btc itself, but the *mechanics* are eerily similar. DYOR before you get liquidated.
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MetaMaskVictim
· 01-15 02:34
You're starting to hype again... Last time, you said 95k would break 100k, and what happened? The RSI is already in overbought territory, yet you're still hyping a pullback to go long.
Are all these moves now just driven by bots? Is there really that much capital?
AXS up 39%? I didn't see that, or was I just cut again?
View OriginalReply0
GasFeeNightmare
· 01-14 07:58
Damn, AXS surged 39%? Luckily I didn't go all-in yesterday, or I would have taken a huge loss.
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Breaking 95K is just breaking it; whether it can hold steady is the key. RSI is already overbought, do you still dare to chase?
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Contract traders are taking small profits and stop-losses; it's easy to say but hard to do.
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DOGE is taking off again. Why have the coins I've held for the past few months been so resilient?
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100K is just around the corner, but the risk of a pullback feels quite high.
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Ethereum's 7% increase is definitely impressive. Why can't Bitcoin move like that?
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At 96.5K, it's no surprise someone is dumping the market. Be careful where you stand.
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What does the obvious capital rotation mean? Should we cut altcoins and chase BTC?
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Overbought and still pushing higher? This rally might not just be a quick pullback.
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If 94K holds as support, there's still hope. If it breaks, I'll admit defeat.
View OriginalReply0
AirdropHarvester
· 01-14 07:57
The 96,500 level is really tough, it feels like funds are all scared here.
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AXS skyrocketed 39%? What the heck... how did I miss this?
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RSI is already over 70, and you're still chasing? Aren't you asking for death?
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Holding a small position in contracts is correct, but I see many people still going all-in...
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It's just the usual pullback to go long, easy to say.
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What will happen when it hits 100k? Let's wait and see, everyone.
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Altcoins are rotating, and I have nothing to do with it, just watching the show.
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The 58% dominance is still a bit虚, a slight dip in Bitcoin could take everything down with it.
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What was yesterday's low again, 94k? Can't remember.
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Wait, did AXS really rise 39%? Who bought this? I haven't heard about it.
View OriginalReply0
UncleWhale
· 01-14 07:57
95k break and then directly push to 96.5, this rhythm really leaves no room for adjustment
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Why did ETH surge so sharply today? Am I blind?
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Damn, AXY skyrocketed by 39 points, why didn't I catch up?
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RSI is already over 70, still want to go long? Isn't that asking for death?
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100k is shaking me up, should I chase?
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I've heard this set of stop-loss strategies so many times, I'm tired of it. Whether it drops or not, it has to drop.
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Another "key to whether it can continue to rise," every time it's said like this.
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Doge rose 15, are you joking? Where's my position?
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Fund rotation is obvious, right? But why do I feel like I've been hammered?
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Can the 94,000 support hold? Feels very weak.
View OriginalReply0
BlockchainBouncer
· 01-14 07:54
Why is this level of 96,500 so tough? Feels like I have to grind it out again and again.
AXS surged 39%, whoever gets in first profits. Is it still possible to buy in now?
RSI is overbought but it still keeps rising, feels a bit fake.
For those with light contracts, it's recommended to follow this wave; greed will only get you cut.
Wait until it drops to 94 to buy in, it's much more reassuring than rushing in now.
Can 100K really be broken? Or will it just be a trap again? Feeling a bit exhausted.
ETH's increase of over 7% is really outrageous. Is Ethereum about to turn around this time?
DOGE, this meme coin, is starting to wave again. Small funds can profit if they follow the rhythm.
Altcoins are rotating so quickly that retail investors simply can't keep up.
This wave of capital is indeed large, but it always feels like it's just setting up for the people who come later.
View OriginalReply0
ShibaSunglasses
· 01-14 07:51
Can the 96,500 level really be broken? It feels like it will consolidate for a while.
View OriginalReply0
LiquidityNinja
· 01-14 07:51
Damn, RSI is already at 70, still dare to chase? Be careful of a pullback and a crash.
ETH's gains outshine BTC, this is really powerful. I've been saying rotation is coming.
AXS surged 39%? Luckily I didn't buy the dip. Feels a bit fake this time.
Can we break through the $96,500 level? Seems like it will be stuck here for a while.
Trading futures like this will eventually lead to liquidation. It's better to stick with spot.
Another wave of profit-taking, how many people will end up getting cut last?
Set your stop-loss properly. Anyway, this correction is bound to happen sooner or later due to technical factors.
Altcoins' sudden surge is usually a trap. I'm still holding my position, waiting for $100k.
View OriginalReply0
gas_fee_therapist
· 01-14 07:43
95k once broken, just break it. The pullback is still coming, RSI is already over 70, what are you still greedy for...
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AXS up 39%? What are they playing at, all the funds are going crazy
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To all contract traders, really keep a small position and cut losses, stop gambling mentality
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96.5k is the real test, if it can't break through, you'll have to turn back
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Ethereum is looking strong this time, more eye-catching than BTC, that's more like it
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100k won't be that easy, stop dreaming
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The capital rotation is so obvious, it shows that the main players are not fully confident in BTC
Yesterday early morning, the cryptocurrency market experienced a strong breakout, with Bitcoin surging past the $95,000 mark, ending nearly two months of oscillation, and reaching a high of $96,495. The 24-hour trading volume soared to $31.77 billion, clearly indicating that funds are heavily betting on Bitcoin's bullish outlook.
In this rally, Ethereum performed even better, with a single-day increase of over 7%, successfully reclaiming the $3,300 level. Altcoins also didn't lag behind, with DOGE soaring over 15%, SOL rising 8%, and AXS skyrocketing by 39.48%. Overall, capital rotation is very evident. Although Bitcoin's dominance has slightly decreased to 58.57%, the bullish trend has been clearly established.
From a technical perspective, it is important to note that the RSI has already risen to 70.18, entering overbought territory, which poses a short-term risk of a technical correction. In terms of price levels, Bitcoin's support is at $94,000 (near today's low) and $91,800 (yesterday's low), while resistance is concentrated at the key levels of $96,500 and $100,000.
Regarding trading strategy, it is recommended to focus on short-term buybacks on dips, maintain a hold position for mid-term, and for contract traders, to handle with light positions and strictly set stop-losses. Pay close attention to the resistance zone of $96,500-$97,000, as this will be crucial in determining whether the price can continue to rise.