#Strategy加仓BTC January 17th Bitcoin Price Movement Observation: Bottom is being accumulated, and the rise will continue
Looking at BTC's 4-hour chart, it’s clearly undergoing technical adjustment. You can see several long lower shadows, what does that indicate? It shows that someone is desperately buying in the 95,000-94,500 range. This is not a bad signal; rather, it’s a normal correction move—if the price can’t hold here, it will be hammered down, but every time it drops, there are buyers stepping in. That’s healthy.
As long as the 94,500 level holds, the overall upward framework remains intact. The current market strategy is: step back first, then move forward twice. It may look like a downward trend, but actually it’s gathering strength.
Today’s key levels to watch are—
Above, keep an eye on 95,800, which is a recent resistance. If it can break above that, the price will continue upward; if it gets hammered back here, a short-term rebound might present a shorting opportunity.
Below, see if 94,500 can hold. This is the bottom line; holding it gives hope, dropping below it means caution is needed.
How to operate? Simply put—
At low levels, decisively add long positions. No need to chase highs; wait until the price stabilizes in that support zone, confirm signals appear, then act. Break through 95,800, and you can follow the upward trend; if it gets pressed at 95,800, there might be a short-term shorting opportunity.
Phase adjustments are like this; patience is needed. Wait for signals, wait for confirmation, opportunities will come sooner or later.
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.
7 Likes
Reward
7
8
Repost
Share
Comment
0/400
StrawberryIce
· 1h ago
94500, can it really hold? Feels a bit uncertain this time.
View OriginalReply0
RugResistant
· 16h ago
ngl the 94,500 support line is sus... seen this pattern before and it didn't end well. dyor but those long wicks? could be a trap tbh. might look healthy on the surface but the volume story tells a different tale here. proceed w caution.
Reply0
gas_fee_therapist
· 18h ago
If I can't hold 94500, I'll go to sleep. I'll check again when I wake up.
View OriginalReply0
BlindBoxVictim
· 18h ago
If 94,500 really can't hold up, we're doomed.
View OriginalReply0
DegenMcsleepless
· 18h ago
If I can't hold 94500, I'm really going to turn dark. If this wave of correction breaks through, I'll eat my phone live on stream.
View OriginalReply0
StakeWhisperer
· 18h ago
94500, can it really hold up? Feels a bit uncertain in this wave.
View OriginalReply0
NoStopLossNut
· 18h ago
If we can't hold 94500, we have to run. This wave is really not as simple as we imagined.
View OriginalReply0
ApeShotFirst
· 18h ago
Damn, this wave of lower shadows is really amazing. As long as 94500 isn't broken, we can still play!
Wait, it's that same theory again. I believed it last time and got smashed through...
What if 94500 breaks? Still need to cut losses, right, bro?
Long positions have been set up long ago, just waiting for this rebound to take off, please!
Can we really break through the resistance at 95800 this time? I have a feeling I might get trapped...
Bottom accumulation sounds good, but I feel like the selling might still be continuing?
Based on this analysis, now might be the best time to bottom fish. All in, everyone?
Looks like profit just by watching, but actual trading always results in losses. My old bad habit is back!
#Strategy加仓BTC January 17th Bitcoin Price Movement Observation: Bottom is being accumulated, and the rise will continue
Looking at BTC's 4-hour chart, it’s clearly undergoing technical adjustment. You can see several long lower shadows, what does that indicate? It shows that someone is desperately buying in the 95,000-94,500 range. This is not a bad signal; rather, it’s a normal correction move—if the price can’t hold here, it will be hammered down, but every time it drops, there are buyers stepping in. That’s healthy.
As long as the 94,500 level holds, the overall upward framework remains intact. The current market strategy is: step back first, then move forward twice. It may look like a downward trend, but actually it’s gathering strength.
Today’s key levels to watch are—
Above, keep an eye on 95,800, which is a recent resistance. If it can break above that, the price will continue upward; if it gets hammered back here, a short-term rebound might present a shorting opportunity.
Below, see if 94,500 can hold. This is the bottom line; holding it gives hope, dropping below it means caution is needed.
How to operate? Simply put—
At low levels, decisively add long positions. No need to chase highs; wait until the price stabilizes in that support zone, confirm signals appear, then act. Break through 95,800, and you can follow the upward trend; if it gets pressed at 95,800, there might be a short-term shorting opportunity.
Phase adjustments are like this; patience is needed. Wait for signals, wait for confirmation, opportunities will come sooner or later.