Bitcoin Latest Market Analysis + Support and Resistance Levels Sharing!!! #BTC $BTC


⚠️ Friday Night Key Battle: Retesting 94,415 Previous High, "True Breakout" or "Fake Move"?
Latest Situation:
Retest Confirmation: Yesterday (Thursday), BTC surged to around 96,400, but due to profit-taking, it has been oscillating downward today. The current 94,750 is very critical because it is just above the previous historical high of 94,415 on January 6.
Technical Implication: This is a textbook "breakout retest." If the price can hold the 94,400 - 94,500 zone and close above it, then yesterday's breakout is valid, and the target could be 100,000; if it breaks below and closes under 94,000, then yesterday's 96k may be a "Bull Trap," and a deep correction could occur over the weekend.
US Stock Sentiment: US stocks are currently trading. On Friday evening, funds are cautious to prevent weekend black swans. Major players are likely to use tonight's liquidity to probe downward near the 94,000 buy zone.
1. Support and Resistance Levels (Precise Calculation)
Short-term Support (1-3 days, Weekend/Intraday)
94,400 - 94,500: Immediate support (Critical line). The area around the previous high (94,415). This is a must-hold position for bulls and the only standard to judge trend continuation.
93,500 - 93,800: Strong support (Anti-pinch). If major players intentionally break through 94,415 to create panic, this is the accumulation platform before an intraday rally, and the limit for a quick bounce.
92,800: Short-term bull-bear dividing line.
Medium-term Support (1-2 weeks, Swing)
91,500: The starting point of this week's main upward wave (trend reversal point).
90,000: Super ironclad bottom. The absolute defensive line of the bull market.
88,000: Structural bottom.
Short-term Resistance (1-3 days)
95,500: Immediate resistance. The rebound high during today's decline. If it can break back above 95,500, it indicates the correction has ended.
96,431: Previous high resistance. The new high set yesterday, also a short-term double top pressure.
97,500: Fibonacci extension resistance.
Medium-term Resistance (1-2 weeks)
98,500: The last hurdle before hitting 100,000.
100,000: The century mark. The area of selling pressure that everyone is watching.
108,000: Crazy bull market target.
2. Overall Analysis and Best Entry Strategies
Overall View: Currently at 94,750, in the "breakout retest" phase.
Bullish Strategy: The trend remains bullish. 94,400 is right below, with an excellent risk-reward ratio. The current decline is likely the main force shaking out weak hands who chased the high, providing a second chance for those who missed out.
Bearish Strategy: Unless it effectively breaks below 93,500, short positions are not recommended. Shorting near historical highs may yield short-term gains but could be wiped out by a strong bullish surge at any moment.
BTC0,35%
View Original
post-image
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)