Observing the current market, the bullish structure remains intact, but recent short-term movements have indeed faced considerable pressure.
**Upper Resistance Outlook**
The 97,500 to 98,000 range is currently the strongest resistance zone. Last night, there were two consecutive rejections of rebounds here, indicating that the bears are actively defending this level. If the price rebounds near this zone, consider taking a light short position with a stop-loss above 98,300. For targets, initially watch 94,500; if the level is broken further, then look at the 94,000-93,500 range.
**Support Levels**
The 94,300 to 93,800 area is interesting. The middle Bollinger Band is located here, which also coincides with a previous support resonance point, showing a strong double support effect. Once the price pulls back to this level, it presents a good opportunity for long entries, with a stop-loss below 93,500, aiming for the 97,000-97,500 zone.
Overall, the tug-of-war between bulls and bears at these key levels is expected to continue. Short-term fluctuations are inevitable, but the overall structure remains unbroken.
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SatoshiNotNakamoto
· 11h ago
It's the same old routine of 97,500-98,000. The bears are holding their ground here, and they'll sell off on any rebound.
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OfflineValidator
· 01-15 14:03
97500 is a tough barrier, and the bears are holding it firmly. I was annoyed just watching it last night.
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GasFeeCrier
· 01-15 13:54
97,500 has been pushed down again. The bears are really fierce here, and it seems like 94,000 will be tested again.
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WenAirdrop
· 01-15 13:52
The bears are holding firm at 97,500-98,000. This resistance level is indeed quite tough, and the short-term is being tightly trapped.
Observing the current market, the bullish structure remains intact, but recent short-term movements have indeed faced considerable pressure.
**Upper Resistance Outlook**
The 97,500 to 98,000 range is currently the strongest resistance zone. Last night, there were two consecutive rejections of rebounds here, indicating that the bears are actively defending this level. If the price rebounds near this zone, consider taking a light short position with a stop-loss above 98,300. For targets, initially watch 94,500; if the level is broken further, then look at the 94,000-93,500 range.
**Support Levels**
The 94,300 to 93,800 area is interesting. The middle Bollinger Band is located here, which also coincides with a previous support resonance point, showing a strong double support effect. Once the price pulls back to this level, it presents a good opportunity for long entries, with a stop-loss below 93,500, aiming for the 97,000-97,500 zone.
Overall, the tug-of-war between bulls and bears at these key levels is expected to continue. Short-term fluctuations are inevitable, but the overall structure remains unbroken.