🚀 **BTC Market Analysis**



Bitcoin broke through the 92617 hourly level with volume this morning and closed above the level. If it remains above this level, consider chasing long on the right side, remember to set a stop loss. Conversely, if it drops below 92387 with volume and cannot recover, shorting on the right side is also an option—the key is to observe the change in trading volume.

If it pulls back to 89900 and shows a false breakout, you can add a long position to try, but the stop loss should be set at the low of the false breakout or directly at 89096. If it cannot recover, do not add more.

From a technical perspective, once Bitcoin's hourly chart breaks through and stabilizes above 93157, the next target is in the range of 94039 to 94778. The critical point is to hold above 93157 to continue upward. Traders shorting should be aware of a potential 2B false breakout at 94478—consider shorting here with a stop loss at 95579.

Conservative traders can consider setting up a long position at 87552, with a stop loss if it drops below 86757.

From a larger cycle perspective, Bitcoin attempted twice to regain internal movement after breaking the flag pattern yesterday but failed both times. Breaking down is easy, but recovering is difficult. It then tested the support at 91472 and received confirmation, beginning a rebound. However, it also failed to break through 93626 and formed a bearish engulfing pattern. Currently, it is trading below 92617; if it cannot hold this level, it will test the support at 91472. If support fails, it will test 90415.

If it breaks below 91472 (area circled in the large white box), the bullish trend will be broken. Since a low point has already appeared, Bitcoin must return above 92617 to prevent further decline. To continue rising, it must break previous highs and create higher highs; otherwise, it cannot sustain an upward move.

**Resistance levels**: 92617-93626-94778
**Support levels**: 91472-90415-89096
**4-hour chart**: If it breaks below 92173, look down to 90600-89351

🚀 **ETH Market Outlook**

The second Bitcoin broke through 3259 with volume, consider chasing long on the right side and set a stop loss. If it breaks below 3247 with volume, consider shorting on the right side as well.

If it pulls back to 3157 and confirms support is effective, add a long position with a stop loss at 3117. Once it stabilizes above 3266 on the hourly chart, look toward the upward space of 3308-3354. At 3354, consider shorting a bit, with a stop loss if it breaks above 3391.

There is also a pin insertion pattern at 3098 on the left side; add a long position here, with a stop loss if it drops below 3057.

**Resistance levels**: 3266-3308-3354
**Support levels**: 3156-3116-3059
**4-hour chart**: If it breaks below 3229, look down to 3187-3133

Whether ETH will form a double top pattern here is uncertain, but as long as it cannot break the high at 3308, it will return to the range and continue oscillating—that's an inevitable trend.
BTC-0,92%
ETH-0,71%
View Original
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
  • 9
  • Repost
  • Share
Comment
0/400
DogeBachelorvip
· 01-09 08:35
Another analysis filled with dense numbers, my eyes are tired. Let's wait until a breakthrough before discussing further.
View OriginalReply0
CexIsBadvip
· 01-08 21:01
If this line at 92617 can hold, there's hope; if not, just wait to test 91472. Same old routine.
View OriginalReply0
MetaverseHomelessvip
· 01-08 12:53
If we can't hold 93157, we'll have to cut our losses. This wave is really uncertain.
View OriginalReply0
NoodlesOrTokensvip
· 01-07 03:53
You're hitting a bottleneck at 93157 again. If you can't break through, you'll have to pull back.
View OriginalReply0
SmartContractWorkervip
· 01-07 03:53
They're doing a shakeout again; this routine is all too familiar.
View OriginalReply0
OnChainSleuthvip
· 01-07 03:46
Oh no, these numbers are so many and messy. I have to keep an eye on 92617 or it'll all be for nothing.
View OriginalReply0
NotGonnaMakeItvip
· 01-07 03:44
It's the same old number game again, talking all sorts of fancy words, but in the end, it all depends on whether we can hold those key lines... --- 92617, can it really stand firm? Feels like every time it's just empty joy. --- Short positions are dead, long positions can't survive either. This market is truly unbelievable. --- If 91472 breaks, we have to run. This isn't trading, it's gambling on psychology. --- This hurdle at 3308 is even harder to break than Bitcoin, and they want a double top. That's hilarious. --- Both conservative positioning and hourly charts—still the same old saying—stop-loss is always correct, take-profit is just a dream. --- Really believed it this time, but next time, we'll try again.
View OriginalReply0
MEVHuntervip
· 01-07 03:31
If I really can't hold the 93157 level, my gambler's mentality will kick in again, and I'll go all-in on the support level below.
View OriginalReply0
HappyMinerUnclevip
· 01-07 03:29
Another one of these number games. Can setting stop-losses this many times really make money?
View OriginalReply0
View More
  • 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)