$BTC Trend Analysis: Waking up to a new high feels great, but it's just a little short of hitting the 98,000 mark, which is a bit disappointing. Currently, Bitcoin is stuck at the 98,000 resistance level, and a pullback is perfectly normal.
This 98,000 level either holds firm without breaking or, once broken, signals a weekly reversal. Think about it—Bitcoin fell from 98,000 to 80,000, and that was the starting point. Conversely, if the weekly chart stabilizes at 98,000, a move to 100,000 isn't far off.
The bearish flag pattern after a false breakout, combined with the recent Evening Star candlestick, all suggest a correction is coming. It's not surprising to see a rise from 90,000 to 98,000 and then a retest of around 3,000 dollars. Don't expect to open a long position and ride it all the way to 110,000-120,000 immediately. Although volume is pulling back, it hasn't increased significantly—this is a typical volume contraction during a correction, so the decline shouldn't be too deep.
As long as the price stays above the flag pattern's support zone of 95,572-95,261, it won't hit 93,800. Instead, it will oscillate within the pattern and then push back up toward 98,000. Failing to break through 98,000 on the first attempt isn't a big deal; there's still a second chance. But if the second attempt also fails, be alert—there could be a deep correction ahead.
Trading Suggestions: • If Bitcoin breaks above 96,917 with volume, consider going long on the right side; if it falls below 95,753 with volume and can't recover, consider shorting on the right side—remember to set your stop-loss. • Hourly level: If it stabilizes above 96,917, look for a move toward 98,050-99,292; only break above 96,917 gives a chance to take off. • 4-hour level: If it falls below 96,126, watch for support at 94,655-93,557. • Resistance levels: 96,917-98,050-99,292 • Support levels: 95,572-94,408-93,801
$ETH Trading Ideas: Bitcoin also needs volume to break above 3,341; then consider going long on the right side, remember to set your stop-loss. If it falls below 3,310 with volume, consider shorting on the right side, don't forget to set your stop-loss.
If the price retests 3,223 and confirms support, add one long position; if it falls below 3,183, stop-loss. On the hourly chart, if it stabilizes above 3,341, look for a move up to 3,379-3,453. Keep an eye on the 3,403 level above—consider shorting if it reaches there, with a stop-loss at 3,453.
Previous left-side spike order: long at 3,148, stop-loss if it falls below 3,103. • Resistance levels: 3,341-3,379-3,453 • Support levels: 3,312-3,281-3,221 • 4-hour level: if it falls below 3,309, look for support at 3,271-3,221
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GhostChainLoyalist
· 9h ago
Whether the 98000 key level can break depends on volume. It's easy to reverse when going up on shrinking volume.
View OriginalReply0
ser_we_are_early
· 16h ago
98000 is stuck again, I knew it would be like this
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A volume reduction correction is normal, just see if it can break through a second time
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The evening star pattern appearing is a bit annoying, need to keep stop-loss in mind
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Within the flag pattern, wait for a rebound before opening long positions, no rush
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If 95572 can't be broken, continue to look for bullish signals, not a big problem
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This wave of correction shouldn't be too severe, as the trading volume hasn't increased
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The key level at 98000 is really testing, can the second chance pass?
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Only consider following through after ETH 3341 breaks, otherwise stay on the sidelines
View OriginalReply0
ILCollector
· 16h ago
Once again at 98,000. Can it really break this time?
It feels like Bitcoin just loves to mess with people here.
The reduced volume adjustment is really dull. When will it pick up volume?
If I can't break 98,000, I give up. I'm not chasing this wave anymore.
The Evening Star appears, and you're still chasing longs? I don't have that courage.
If the flag pattern holds, I'll push again; otherwise, I'll have to wait for a deep correction.
Stop-loss is set, anyway, this wave will follow the logic.
View OriginalReply0
SatoshiChallenger
· 16h ago
How many times has this 98,000 level been hit in history? Data shows it’s always described the same way, but what’s the result?
It’s either a Evening Star or a flag pattern—interesting. The last analyst to make such a precise judgment had a liquidation rate of 97%.
Is this a volume contraction adjustment? Objectively speaking, every wave in the crypto market is described this way. How did it actually turn out in the end? No one remembers.
If it doesn’t break 95,572, it will just oscillate; if it breaks, then look at 94,655. What does this logic say? Even roulette in a casino has this success rate.
Come on, let’s make a bet: in half a year, when we look back at these support and resistance levels, how many will still be accurate?
View OriginalReply0
RektCoaster
· 16h ago
The 98,000 level is still a bit uncertain; the real highlight is the second surge.
#Strategy加仓BTC Market Quick Read for January 15 📊
$BTC Trend Analysis:
Waking up to a new high feels great, but it's just a little short of hitting the 98,000 mark, which is a bit disappointing. Currently, Bitcoin is stuck at the 98,000 resistance level, and a pullback is perfectly normal.
This 98,000 level either holds firm without breaking or, once broken, signals a weekly reversal. Think about it—Bitcoin fell from 98,000 to 80,000, and that was the starting point. Conversely, if the weekly chart stabilizes at 98,000, a move to 100,000 isn't far off.
The bearish flag pattern after a false breakout, combined with the recent Evening Star candlestick, all suggest a correction is coming. It's not surprising to see a rise from 90,000 to 98,000 and then a retest of around 3,000 dollars. Don't expect to open a long position and ride it all the way to 110,000-120,000 immediately. Although volume is pulling back, it hasn't increased significantly—this is a typical volume contraction during a correction, so the decline shouldn't be too deep.
As long as the price stays above the flag pattern's support zone of 95,572-95,261, it won't hit 93,800. Instead, it will oscillate within the pattern and then push back up toward 98,000. Failing to break through 98,000 on the first attempt isn't a big deal; there's still a second chance. But if the second attempt also fails, be alert—there could be a deep correction ahead.
Trading Suggestions:
• If Bitcoin breaks above 96,917 with volume, consider going long on the right side; if it falls below 95,753 with volume and can't recover, consider shorting on the right side—remember to set your stop-loss.
• Hourly level: If it stabilizes above 96,917, look for a move toward 98,050-99,292; only break above 96,917 gives a chance to take off.
• 4-hour level: If it falls below 96,126, watch for support at 94,655-93,557.
• Resistance levels: 96,917-98,050-99,292
• Support levels: 95,572-94,408-93,801
$ETH Trading Ideas:
Bitcoin also needs volume to break above 3,341; then consider going long on the right side, remember to set your stop-loss. If it falls below 3,310 with volume, consider shorting on the right side, don't forget to set your stop-loss.
If the price retests 3,223 and confirms support, add one long position; if it falls below 3,183, stop-loss. On the hourly chart, if it stabilizes above 3,341, look for a move up to 3,379-3,453. Keep an eye on the 3,403 level above—consider shorting if it reaches there, with a stop-loss at 3,453.
Previous left-side spike order: long at 3,148, stop-loss if it falls below 3,103.
• Resistance levels: 3,341-3,379-3,453
• Support levels: 3,312-3,281-3,221
• 4-hour level: if it falls below 3,309, look for support at 3,271-3,221
For detailed trading logic, see the comments 👇