Bitcoin's daily level is holding at the first resistance level of 94, but I personally do not recommend chasing long positions if there's a breakout and upward movement at this level~
From a technical perspective, Bitcoin has the momentum to rise, but fundamentally, I really can't find a reason for continuous upward movement~
I personally think that recent long positions should be approached with caution~ I might consider looking for a suitable position to short.
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Market Analysis: $BTC (2025-1-6)
Bitcoin's daily level is holding at the first resistance level of 94, but I personally do not recommend chasing long positions if there's a breakout and upward movement at this level~
From a technical perspective, Bitcoin has the momentum to rise, but fundamentally, I really can't find a reason for continuous upward movement~
I personally think that recent long positions should be approached with caution~ I might consider looking for a suitable position to short.