Bitcoin 1-hour chart shows an interesting pattern—around 96,735, a double top with a long upper shadow has formed, indicating a typical resistance pattern. The selling pressure in the 95,000 to 96,000 range is quite solid. The MA7 divergence is widening, suggesting that a technical pullback is indeed needed.
Volume also reflects some conditions: during the rally, volume increased, but during the decline, volume did not significantly shrink, which usually indicates a strong willingness to take profits. The KDJ indicator is overbought and has formed a death cross pointing downward; the MACD red bars are also shrinking. Multiple signals point to a potential pullback pressure.
**Trading Ideas:** Consider shorting Bitcoin around 95,600-96,100, with stop-losses set properly, targeting support zones at 92,600-93,100 below.
For Ethereum, similar technical signals are seen around 3,350-3,380, and short positions can focus on the downside target of 3,180-3,210.
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GateUser-bd883c58
· 01-15 01:35
The double top resistance is quite obvious. This wave indeed has room for a pullback.
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just_here_for_vibes
· 01-14 08:04
The double top resistance is so obvious. I think trying short at 95,600 is okay, just worried about another fake breakout trap.
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gas_fee_therapy
· 01-14 00:56
The double top is back again. Every time, it’s said to be a resistance level, but it still breaks through. Looking at the indicators, it feels like shorting is a bit risky.
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DegenWhisperer
· 01-14 00:18
96735 That pair of top... I think we need to take another look; the volume here is indeed a bit weak.
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FOMOSapien
· 01-14 00:18
96735 that double top is really perfect. I saw it coming a long time ago, just waiting for the short position to make a big profit.
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MEVHunterZhang
· 01-14 00:16
Another technical analysis trying to cut the leeks. Is the double top suppression really that powerful? Last time I said that, it directly reversed and surged.
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AirdropBlackHole
· 01-14 00:14
The position at 96,000 is really stressful, but I still believe in the next rebound.
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LiquidationWatcher
· 01-14 00:13
96735 This wave of pressure indeed can't be sustained, I also turned bearish on this move, just worried about a false breakout happening again.
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ChainBrain
· 01-13 23:55
With such obvious double-top resistance, it seems unlikely to break through the 96,000 level. In the short term, be prepared for a pullback.
#策略性加码BTC 【Short-term Technical Overview】
Bitcoin 1-hour chart shows an interesting pattern—around 96,735, a double top with a long upper shadow has formed, indicating a typical resistance pattern. The selling pressure in the 95,000 to 96,000 range is quite solid. The MA7 divergence is widening, suggesting that a technical pullback is indeed needed.
Volume also reflects some conditions: during the rally, volume increased, but during the decline, volume did not significantly shrink, which usually indicates a strong willingness to take profits. The KDJ indicator is overbought and has formed a death cross pointing downward; the MACD red bars are also shrinking. Multiple signals point to a potential pullback pressure.
**Trading Ideas:**
Consider shorting Bitcoin around 95,600-96,100, with stop-losses set properly, targeting support zones at 92,600-93,100 below.
For Ethereum, similar technical signals are seen around 3,350-3,380, and short positions can focus on the downside target of 3,180-3,210.
$BTC $ETH Keep a close eye on this correction.