2026-01-05 00:24:35

Market Observation This Week. After experiencing a sharp rise and pullback on Sunday, Bitcoin is currently consolidating sideways in the 90500-91000 range. From the 1-hour chart, the price has stabilized above the 91000 level, indicating that the bullish momentum still has support. The overall trend is in a Wave 4 correction phase, and according to wave theory, a Wave 5 upward move is expected to follow.

The Bollinger Bands are continuously narrowing, and yesterday's pullback effectively confirmed support at the lower boundary of the consolidation zone. Breakouts after such narrowing often signal directional opportunities. From a trading perspective, it is recommended to continue to look for buying opportunities on dips.

Specific suggestions: Gradually build long positions in Bitcoin within the 90500-91000 range, targeting around 93000; similarly, for Ethereum, consider building long positions in the 3100-3120 range, with a target near 3260. The market still has room for short-term upward movement.

BTC0,03%

ETH0,03%

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LiquidityWitch

· 01-07 03:46

The Bollinger Bands are winking again. Will it really break out this time, or is it just trying to trick me into bottom-fishing again?

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MetaNeighbor

· 01-05 05:01

The 91,000 level has held again. Will the five-wave pattern really come or not?

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VirtualRichDream

· 01-05 00:54

Yes, you really need to keep a close eye on Bollinger Band narrowing. When the five-wave pattern moves up, I plan to add to my position.

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UncommonNPC

· 01-05 00:52

The 91,000 resistance is so solid, do you really think the five-wave pattern is coming? It looks more like sharpening the knife to me. Staged deployment sounds great, but I'm worried about going all in and getting cut. Bollinger Bands are narrowing... alright, let's gamble on 93,000. Anyway, if it drops, it won't stay down for long. If this wave can't break 91,500, I'll withdraw. No need to wait around for miracles. 93,000? Sounds pretty far, how many false alarms will we go through in the middle? Long positions are good, but I'm exhausted. Feels like I'm waiting for a breakout every day.

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PensionDestroyer

· 01-05 00:47

When the Bollinger Bands narrow, it reminds me of the last time I was trapped; still, we need to see how it performs after the breakout.

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LightningPacketLoss

· 01-05 00:37

The 91,000 level is still holding quite steadily. If a five-wave move occurs, there is indeed room for imagination.

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