Bitcoin repeatedly tests the support around 89300 on the 1-hour chart (this is indeed a critical defensive line). It just broke through and then immediately surged. Currently, it is stuck near the Vegas level line, engaging in a tug-of-war.
From a smaller timeframe perspective, if it can effectively break through the 91300 level, the probability of continuing upward is quite high. Looking upward, 93800 should be a relatively reasonable target.
Ideally, this wave could directly reach the 97-98 range. Of course, the key still depends on whether 91300 can be firmly taken out; if not, there might be another round of consolidation.
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OneBlockAtATime
· 01-10 23:10
91,300 needs to be truly secured to count, otherwise it's just a repeated beating rhythm.
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retroactive_airdrop
· 01-10 06:40
89300 holds firmly, it seems institutions also have to lower their heads here
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91300 if it can't be broken, I will clear my position and sleep, no more messing around
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It's another ideal scenario, always an ideal scenario haha
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What is the Vegas line fighting over? Just smash it down directly
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97-98? First take down 91300 and then dream, brother
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This support indeed held up, quite interesting
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Feels like a secondary bottom is coming again, this rhythm is very familiar
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Break below and get scared, don't break and keep bragging, a typical mouthy king
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Short-term target is 91300, long-term target is the monthly chart, don't be blinded by small timeframes
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AirdropHarvester
· 01-09 02:58
If I can't get 91,300, I'll go to sleep. I'll buy again after the rebound.
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ImpermanentPhobia
· 01-09 02:54
89300 has risen again, this defense line is really solid.
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MEVHunterX
· 01-09 02:38
89300 is really a solid level; it always bounces back. I'm just worried that after breaking through 91300 this time, I'll panic again.
Bitcoin repeatedly tests the support around 89300 on the 1-hour chart (this is indeed a critical defensive line). It just broke through and then immediately surged. Currently, it is stuck near the Vegas level line, engaging in a tug-of-war.
From a smaller timeframe perspective, if it can effectively break through the 91300 level, the probability of continuing upward is quite high. Looking upward, 93800 should be a relatively reasonable target.
Ideally, this wave could directly reach the 97-98 range. Of course, the key still depends on whether 91300 can be firmly taken out; if not, there might be another round of consolidation.