Looking at Bitcoin compared to the S&P 500 index, there has been little significant fluctuation over the past two months.
BTC is currently stuck at the breakout level from November last year—that was right after the election. From a technical perspective, this is a very critical area, and whether the bulls can hold this level is very important.
Honestly, this price level presents a pretty good opportunity for the bullish side. Whether it can stabilize at this support level will directly influence the subsequent market trend.
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Layer2Observer
· 01-11 09:27
Let's take a look at the data. Has the claim of no fluctuation for two months been exaggerated...
Whether the support level can hold depends technically on the on-chain fund flow. Looking only at the candlestick chart is a bit one-sided.
This "opportunity" should be questioned. It needs to be clarified that bottom confirmation and a true reversal are two different things.
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StablecoinAnxiety
· 01-10 13:23
No activity for two months, so dull...
November's position is firmly stuck, feels like waiting for a signal
Either break or rebound, don't drag it out so much
The bullish bets are all placed on the support level
The key is in the next few days; if it breaks, I'll cut my losses immediately
View OriginalReply0
OnchainDetectiveBing
· 01-09 21:11
Oh no, if this support level breaks, we’ll have to admit defeat.
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Two months of stability—are we accumulating strength or just sleeping through it? I belong to the latter.
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If we can't hold the November position, this rebound will be pointless.
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A bullish opportunity? To me, it looks like the night before a harvest of leek farmers.
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Let's wait and see. I don't believe it's this quiet for no reason.
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Only when the support level breaks is it truly the beginning. Don't be too optimistic.
View OriginalReply0
PanicSeller
· 01-09 11:57
No movement in two months? Wake up, this is just building strength.
If the support level can't hold, we have to run.
Bullish? Haha, how many people said that and ended up cutting losses.
It's not too late to boast after a breakthrough.
Since the election, nothing has changed.
View OriginalReply0
GweiObserver
· 01-09 11:55
After such a long consolidation, it feels like everyone is almost falling asleep. Let's see if this wave can break through the resistance level from November last year.
Honestly, it's a bit stuck. If the bulls don't step up, it might drop.
This position is indeed critical. If it can't break through, it's really uncertain.
It feels like the energy from November hasn't fully dissipated, and we're stuck here.
If the support level can't hold, it will be troublesome later.
Two months without any movement, this pace is a bit frustrating.
Those who are bullish are probably very nervous now. It's really just about one candlestick.
The resistance level is right here. The bulls need to prove themselves.
View OriginalReply0
MEVSandwichMaker
· 01-09 11:53
Holding the position for so long, if the bulls still can't push it up, it's really time to reflect.
View OriginalReply0
FomoAnxiety
· 01-09 11:50
Secured a spot, this time is truly a watershed moment
View OriginalReply0
RunWhenCut
· 01-09 11:39
The card position is indeed a bit annoying, just waiting for that breakthrough moment.
View OriginalReply0
BrokeBeans
· 01-09 11:34
Holding the position for so long, it feels like it's just testing patience.
Bankrupt DouDou said that if we can't hold the November level, we'll need to reconsider our strategy.
Two months with no movement, either building up strength or just pointless.
This support level is indeed crucial, bulls, keep it up haha.
Feels like we're betting on this move, are you in or out?
View OriginalReply0
SerumSquirter
· 01-09 11:33
The position has been stuck for so long, it seems like the bulls are losing momentum.
Looking at Bitcoin compared to the S&P 500 index, there has been little significant fluctuation over the past two months.
BTC is currently stuck at the breakout level from November last year—that was right after the election. From a technical perspective, this is a very critical area, and whether the bulls can hold this level is very important.
Honestly, this price level presents a pretty good opportunity for the bullish side. Whether it can stabilize at this support level will directly influence the subsequent market trend.