Recently watching BTC's trend, it has been repeatedly hovering around the $95,200 level. The 5-day and 10-day moving averages have already converged, with almost no slope left. Trading volume has significantly decreased, and both buyers and sellers are somewhat exhausted. Neither the bulls nor the bears are showing strong momentum.
From a technical perspective, there is resistance at $95,500, and $94,900 is a support level. In the short term, BTC will either continue to consolidate within this range or require increased volume to push the price through these two key levels.
Currently, there is no clear sense of direction, and oscillation and adjustment are likely to continue. A more prudent approach is to stay on the sidelines, wait for volume to truly pick up, or for the price to clearly break through these key levels before taking action. Only then will new trend signals emerge.
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DefiVeteran
· 01-18 12:59
This consolidation is killing me; it should have broken out with higher volume by now.
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zkProofInThePudding
· 01-18 12:55
This consolidation, buddy, looks like I have to keep lying down.
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ThreeHornBlasts
· 01-18 12:39
This wave is indeed tough; the two lines are stuck together and you can't see anything.
Wait for volume; without volume to follow, you're just courting disaster.
The 95500 breakout is the real deal; it's safest to stay on the sidelines for now.
After such a long wait, the explosion should be quite fierce.
Still waiting—when will we get some excitement?
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MissedTheBoat
· 01-18 12:39
This round of procrastination is a bit uncomfortable; I feel like I need to keep lying flat.
Recently watching BTC's trend, it has been repeatedly hovering around the $95,200 level. The 5-day and 10-day moving averages have already converged, with almost no slope left. Trading volume has significantly decreased, and both buyers and sellers are somewhat exhausted. Neither the bulls nor the bears are showing strong momentum.
From a technical perspective, there is resistance at $95,500, and $94,900 is a support level. In the short term, BTC will either continue to consolidate within this range or require increased volume to push the price through these two key levels.
Currently, there is no clear sense of direction, and oscillation and adjustment are likely to continue. A more prudent approach is to stay on the sidelines, wait for volume to truly pick up, or for the price to clearly break through these key levels before taking action. Only then will new trend signals emerge.