2026-01-07 02:25:46

Recently, the market has experienced five consecutive days of gains, which has indeed boosted the confidence of many bulls. However, a close look at the candlestick chart reveals that the daily arc bottom has just begun to show signs, and the true significance of this rebound under such a pattern remains to be seen.

When the price was pushed up to around 93,500 in the early trading session, many thought a breakout was imminent. In reality, this zone has been tested multiple times and has become a strong resistance area. Several attempts to break through have been thwarted here, indicating that there is no sign of weakening selling pressure above. The technical indicators are also warning—MA7 and MA30 have already formed a death cross downward, and the short-term trend remains suppressed. The volume performance is even more concerning: as the price rises, trading volume continues to decline, showing a clear divergence between volume and price, which is a very dangerous signal.

Currently, Bitcoin is standing at a high level, with unrealized profits piling up. Once the market shows any signs of movement, these profit-taking positions will rush to sell off. From this perspective, the current rebound is less the start of a new main upward wave and more like a stage set for bears to create better entry opportunities.

Before additional funds truly enter the market, maintaining a cautious attitude is more practical than following the trend blindly. The 93,000-93,600 range can serve as a key resistance reference, while support levels should focus on the 92,000-91,000 zone.

BTC-2,61%

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liquidation_surfer

· 01-07 02:55

Price-volume divergence has been seen too many times, and in the end, there’s usually no good outcome. A death cross downward is a death cross downward, just don’t force it. --- If 93500 can’t be broken, then it just can’t be broken. Why keep pushing upward? With so many floating profits, if something goes wrong, it could be a disaster for a long time. --- What does five consecutive bullish days indicate? It indicates that the people above are dumping. --- This rebound feels like a trap set for us; it’s better to be cautious. --- I usually avoid rebounds with sluggish trading volume if I can. --- It’s another case of price-volume divergence, just the old routine. --- I just want to ask if anyone is really bottom-fishing at 93500, how’s that going? --- With so many floating profits at high levels, if bad news comes out, it’s all over. This buying point doesn’t seem quite right. --- The death cross has already appeared, and you’re still dreaming of a new main upward wave? Dream on.

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MEVvictim

· 01-07 02:54

The divergence between price and volume is really incredible; it's always like this before a crash. Just a fake move, if 93500 can't be broken, it's time to look downwards. Still daring to chase after a death cross? Can't you see the chart clearly? Floating profits are pressing down, a rebound is just a shooting target for the bears. Oh no, I'm caught again this time, I should have listened to advice earlier. Trading volume is sluggish but still pushing up, this logic is really absurd. Rather than saying it's a rebound, it's more like giving us a lesson. So many profit-taking orders at high levels, a single sell-off and it's over. Analyzing day after day, it's better to wait until the 91000 support breaks before making a move. This kind of market really tests people's hearts, truly.

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SchrodingerAirdrop

· 01-07 02:52

Whenever I see divergence between price and volume, I have to be cautious. Last time, I suffered quite a loss because I didn't pay enough attention. With so many floating profits, if a single needle pricks down, everything will have to run, and 93500 won't be an issue then. Five consecutive days of gains look good, but the downward death cross trend is indeed a bit unsettling, it feels like it's digging a hole for us. To be honest, jumping in now is a bit of a gamble; it's better to wait for additional funds to enter the market. The selling pressure at high levels hasn't weakened, so don't rush to go long, really. This rebound feels like the last frenzy; how it will develop afterward is still uncertain. That 92000 level must be defended well; if it's broken, it will be truly dangerous.

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0xSoulless

· 01-07 02:46

Is it this set again, five consecutive days of gains and then champagne? I think, this is just the last chance for big players to clear out their positions. The divergence between volume and price, honestly, is just retail traders hyping themselves up; big funds have already withdrawn. That 93,500 level, it’s probably not even safe to break through. Floating profits are being sold off, and us retail investors are just stepping stones. Don’t follow the trend, really. I’m tired of hearing the words "death cross" downward; every time it’s said, what happens? We get cut again, right? Just hold around 91-92 and see if we can bottom out. Anyway, currently going long is just a gamble on luck. When the market is sober, we should all be sleeping.

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NFTDreamer

· 01-07 02:44

The divergence between price and volume is really a deadly move; five consecutive bullish days can't scare me away. --- Once again, 93500 is a hurdle. Can it break through this time? Anyway, I've already moved to a wait-and-see position. --- With so many floating profits, the real show will start on the day of a breakdown. --- A death cross downward, and trading volume still needs to shrink. This bullish trend is too difficult. --- Basically, it's the prelude to a rebound crashing down, just waiting for the next round of bears to enter. --- If 93600 can't be broken, we'll slide down to 92. It feels like there's no suspense. --- Volume doesn't cooperate, and you still want to break through? Dream on. --- Looking at this momentum... rather than a rebound, it's a good opportunity to trap people.

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GasFeeAssassin

· 01-07 02:42

The divergence between price and volume is really incredible. Every time I try to buy more, I get cut again.

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