In the early hours of monitoring the market, BTC showed an interesting posture. The current price hovers around $94,868, with the RSI index at 45.3, indicating a lack of strong momentum.
From support and resistance perspectives, the support level is at $92,970.64, the resistance is at $96,765.36, and a key breakout level is set at $96,291.02. In simple terms, the market is moving within a range, with interventions occurring near the boundaries each time.
This is the most testing time for traders' psychology. Market participants are cautiously testing the direction, afraid of making a wrong move that could lead to a trap. However, from another perspective, such oscillating consolidation often signals a big move ahead. As the market leader, BTC may appear weak at times, but it is actually accumulating energy.
Regarding trading strategy, my idea is this: if the price can hold the support level or pull back down to around $92,970 for confirmation, then a small increase in position size could be considered. The key is to control the position size well and not be overwhelmed by short-term volatility. This is a situation where participation is possible but caution is essential.
Staying up late to monitor the market is no easy task. Remember to take care of your health. Investment risks are objective, and the rights and responsibilities always lie with yourself.
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SybilAttackVictim
· 23h ago
The box is oscillating, neither hot nor cold, which means it's accumulating energy. Watching the market late at night is hard on the body. I think now we should hold the bottom line and wait for a clear signal before taking action.
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MetaMisfit
· 01-16 18:50
I'm tired of the box consolidation pattern. When will the real big trend come?
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GateUser-e19e9c10
· 01-16 18:27
This consolidation period has me dizzy watching it, the price action keeps grinding back and forth in this range—it's absolutely brutal.
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consensus_whisperer
· 01-16 18:26
I'm tired of hearing the excuse of box consolidation. The key is who can withstand the 92970 level. If you ask me, wait for a clear signal before taking action.
In the early hours of monitoring the market, BTC showed an interesting posture. The current price hovers around $94,868, with the RSI index at 45.3, indicating a lack of strong momentum.
From support and resistance perspectives, the support level is at $92,970.64, the resistance is at $96,765.36, and a key breakout level is set at $96,291.02. In simple terms, the market is moving within a range, with interventions occurring near the boundaries each time.
This is the most testing time for traders' psychology. Market participants are cautiously testing the direction, afraid of making a wrong move that could lead to a trap. However, from another perspective, such oscillating consolidation often signals a big move ahead. As the market leader, BTC may appear weak at times, but it is actually accumulating energy.
Regarding trading strategy, my idea is this: if the price can hold the support level or pull back down to around $92,970 for confirmation, then a small increase in position size could be considered. The key is to control the position size well and not be overwhelmed by short-term volatility. This is a situation where participation is possible but caution is essential.
Staying up late to monitor the market is no easy task. Remember to take care of your health. Investment risks are objective, and the rights and responsibilities always lie with yourself.