The recent two days of volatile market movements have indeed left many feeling exhausted. The influx of inquiries and analysis messages from the backend has been continuous, as everyone ponders the next move. Fortunately, the market has finally given a direction—Bitcoin has chosen to break upward.
Let's first look at Bitcoin's recent action. I have always emphasized that consolidation and fluctuation are like darkness before dawn; once you endure through them, you can see the light. The current direction is clear: upward. The key point is that it has firmly broken through the critical resistance level of 91,477, and the hourly chart's rounded bottom pattern has fully taken shape. If you're familiar with this type of technical pattern, you know how powerful the breakout can be after a rounded bottom. This is also the main reason I am optimistic about this breakout.
Combining the current market situation with the latest non-farm payroll data, the signal that non-farm payrolls are below expectations cannot be ignored, as market liquidity expectations will change accordingly. Based on these factors, there are only two possible next moves: one, a direct volume surge to challenge the resistance at 92,643, and once stabilized, aiming for 93,953 or even higher at 94,744; two, oscillating between 91,477 and 92,643, digesting positions first before continuing the upward push.
One point to emphasize here: a pullback is not scary; a breakdown is the real risk. As long as the price does not effectively fall below 91,477 afterward, all pullbacks are normal consolidations, and those holding positions can continue to hold.
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SoliditySurvivor
· 01-13 21:08
The arc bottom is really amazing. Break through 91477 and it's time to get in. Don't hesitate anymore, brother.
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RugDocDetective
· 01-13 15:54
I believe in the arc bottom pattern, but I'm worried it might be another mirror image fake-out. Can 91477 really hold steady?
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BearMarketMonk
· 01-12 21:53
The arc bottom is indeed powerful, but be careful with level 92643, don't get knocked down.
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PanicSeller
· 01-12 21:46
It's another arc bottom, and darkness before dawn. Tired of hearing it... But this wave 91477 really held up, gotta admit, the luck was pretty good.
Honestly, my mindset collapsed during these two days of volatility, just waiting to see if it can truly stabilize.
Liquidity changes are definitely worth paying attention to. The non-farm payrolls below expectations is actually a positive, just hope it doesn't drop further afterward.
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TokenVelocityTrauma
· 01-12 21:26
The arc bottom has indeed taken shape this time. If 91477 holds steady, there's confidence in a surge afterward. The only concern is repeated fluctuations that could wear down people's resolve.
The recent two days of volatile market movements have indeed left many feeling exhausted. The influx of inquiries and analysis messages from the backend has been continuous, as everyone ponders the next move. Fortunately, the market has finally given a direction—Bitcoin has chosen to break upward.
Let's first look at Bitcoin's recent action. I have always emphasized that consolidation and fluctuation are like darkness before dawn; once you endure through them, you can see the light. The current direction is clear: upward. The key point is that it has firmly broken through the critical resistance level of 91,477, and the hourly chart's rounded bottom pattern has fully taken shape. If you're familiar with this type of technical pattern, you know how powerful the breakout can be after a rounded bottom. This is also the main reason I am optimistic about this breakout.
Combining the current market situation with the latest non-farm payroll data, the signal that non-farm payrolls are below expectations cannot be ignored, as market liquidity expectations will change accordingly. Based on these factors, there are only two possible next moves: one, a direct volume surge to challenge the resistance at 92,643, and once stabilized, aiming for 93,953 or even higher at 94,744; two, oscillating between 91,477 and 92,643, digesting positions first before continuing the upward push.
One point to emphasize here: a pullback is not scary; a breakdown is the real risk. As long as the price does not effectively fall below 91,477 afterward, all pullbacks are normal consolidations, and those holding positions can continue to hold.