Bitcoin's recent movement has largely followed the expected pace, and the principal I held has doubled, with $3,600 already secured.
From a technical perspective, after testing the support level at 89,000, the price quickly rebounded and is now approaching the critical resistance at $91,500. The key point to watch next is whether it can hold above 91,700—if it can break through effectively, the upside potential will open up, and there is still room for further gains.
Interestingly, the driving force behind this rally is mainly spot buying. In contrast, the futures market, after a thorough shakeout, has developed a more solid and healthy trend structure. This market structure actually signals a positive outlook for the subsequent行情.
In terms of trading strategy, if you still hold long positions, consider selling some of them in parts as the price rises to lock in profits. Keep the remaining positions and continue to hold while observing the breakout performance. This approach ensures you don't miss out on gains while avoiding the risk of a sudden reversal.
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BugBountyHunter
· 01-11 15:09
You're all correct, but I just want to know, what if 91700 can't be broken?
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DaoGovernanceOfficer
· 01-11 15:09
ngl the spot buying thesis here is empirically sound, but let me push back on one thing—where's the on-chain data to back up this "healthier structure" claim? seen too many people conflate reduced leverage with actual bullish signals tbh... *sigh* the governance mechanics of market structure matter way more than most realize
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HashRatePhilosopher
· 01-11 06:26
Doubling the principal is really satisfying, but the crucial position at 91700 still feels a bit uncertain.
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ChainChef
· 01-10 06:20
yo that 89k bounce was perfectly seasoned, not gonna lie... watching spot volume do all the heavy lifting while futures finally got their act together after all that shaking out. kinda feels like the market's been marinating long enough to actually taste good now ngl
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BlockchainBard
· 01-09 04:56
Wow, the principal has doubled, it's really unbelievable. I was still debating whether to add to my position when it was bottoming out.
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just_another_fish
· 01-09 04:53
Wow, doubling the principal and directly taking home 3600, this move is quite steady. Much more aggressive than me; I'm still betting on whether I can hit 92k...
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liquiditea_sipper
· 01-09 04:49
Damn, doubling the principal—are these even real? I still feel like I'm bottom-fishing.
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BlockTalk
· 01-09 04:42
Uh, it's that same old excuse again... Can 91700 really hold steady? It feels a bit uncertain this time.
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DataChief
· 01-09 04:41
Wow, it doubled! No one can match this luck, haha
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GlueGuy
· 01-09 04:28
You should run when your principal doubles. I wouldn't dare to go all-in on this wave...
Bitcoin's recent movement has largely followed the expected pace, and the principal I held has doubled, with $3,600 already secured.
From a technical perspective, after testing the support level at 89,000, the price quickly rebounded and is now approaching the critical resistance at $91,500. The key point to watch next is whether it can hold above 91,700—if it can break through effectively, the upside potential will open up, and there is still room for further gains.
Interestingly, the driving force behind this rally is mainly spot buying. In contrast, the futures market, after a thorough shakeout, has developed a more solid and healthy trend structure. This market structure actually signals a positive outlook for the subsequent行情.
In terms of trading strategy, if you still hold long positions, consider selling some of them in parts as the price rises to lock in profits. Keep the remaining positions and continue to hold while observing the breakout performance. This approach ensures you don't miss out on gains while avoiding the risk of a sudden reversal.