Looking at the BTC trend over the past couple of days, I really feel something's off. The price has been stuck around 93784 for quite some time; on the surface, it looks like normal consolidation, but a closer watch reveals some clues.
A few details worth noting: the 93784 level has been tested repeatedly, and around 93981, a clear resistance zone has formed. More importantly, the area from 84442 to 91205—initially seeming like a rock-solid support—shows signs of loosening.
Based on market logic, the market might be going through several stages: first, creating wide-range volatility to confuse traders; then, inducing both bulls and bears to enter positions; finally, a dual-direction wipeout. This kind of pattern has been seen many times in the crypto market.
**Some suggestions for current trading ideas:**
First, if you still hold positions, it might be time to consider clearing and observing. Not necessarily bearish, but the signal-to-noise ratio at this level is too high, and the risk is heavily weighted.
Second, avoid opening new positions above 93784 for now. Wait and see, let the price give a clearer directional signal before acting. Entering now risks getting caught in the middle.
Honestly, the biggest variable in this market is still the intentions of institutional funds. The current market sentiment is so tangled that it often indicates smart money is still weighing options. Keep a close eye on volume changes and large buy/sell orders, as they might be the real signals of a turning point.
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TommyTeacher
· 20h ago
Here comes another round of bidirectional killing, same old tricks I rely on
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Reaching this level @93784@ repeatedly, it's just annoying to watch
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Clearing out positions and observing is the right move, don't gamble anymore
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Trading volume is the key, keep an eye on large orders
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With such a high signal-to-noise ratio, you still dare to open a position? Tired of this
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When institutions are weighing options, retail investors are still sending money, as always
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The support level loosening up, good catch on this detail, there are indeed issues
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Wide-range fluctuations are just exhausting, I’m not following anymore
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CountdownToBroke
· 01-07 18:13
Here comes the double-sided kill again. I bet five bucks that this time we'll get chopped again.
Those institutional folks are just waiting for us to take the bait.
The @93784@ level can be tested repeatedly so many times, it feels like a shakeout.
Clearing out positions and watching seems to be the safest move, anyway, this position is too confusing.
It sounds like a routine of bullish killing bearish and bearish killing bullish, I've seen it all before.
Trading volume is the real indicator, keep an eye on the big orders.
This kind of market is the most annoying, signals are clear but it always looks like a false breakout.
Let's wait and see, no need to rush, after all, this isn't the only wave of the market.
View OriginalReply0
TestnetScholar
· 01-07 05:51
This 93784 is really a dead zone, squeezed from all sides.
Wait for institutions to push the market up; entering now is just giving away money.
I've seen many two-way manipulations before, it's okay to be a bit cautious this time.
From the trading volume, it seems the smart money is still sleeping.
Not clearing out the position feels uneasy; I'll just watch from outside the market first.
View OriginalReply0
AirdropChaser
· 01-07 05:46
Hold on, hold on, the 93784 level is indeed tricky.
They're once again疯狂割韭菜, clearing out positions and watching cautiously.
Institutions are holding back big moves, waiting for the right moment.
Damn, got trapped again, should have just run earlier.
This double-sided kill tactic is getting old, yet they dare to repeat it.
Feels exactly like the situation two weeks ago.
The support level loosening is genuinely a bit scary.
Let's wait and see, entering now is just giving away.
Smart money is still on the sidelines, let's not rush.
Anyone who dares to buy the dip in this wave will suffer heavy losses.
View OriginalReply0
BrokenRugs
· 01-07 05:33
It's the same double-edged game again, truly frustrating.
Institutions are playing psychological warfare, retail investors are still guessing.
Clearing out positions and waiting on the sidelines is indeed safer, as this level is highly speculative anyway.
Trading volume is the key, keep an eye on that.
The repeated testing of the 93784 level is a bit annoying, it feels like a breakdown is imminent.
Don't be fooled by the volatility; smart money is still waiting for signals.
I also see the support level weakening, which is a bit scary.
Entering the market at this point is just inviting trouble, let's wait and see.
The signal-to-noise ratio is off the charts; whether going short or long is just gambling.
Looking at the BTC trend over the past couple of days, I really feel something's off. The price has been stuck around 93784 for quite some time; on the surface, it looks like normal consolidation, but a closer watch reveals some clues.
A few details worth noting: the 93784 level has been tested repeatedly, and around 93981, a clear resistance zone has formed. More importantly, the area from 84442 to 91205—initially seeming like a rock-solid support—shows signs of loosening.
Based on market logic, the market might be going through several stages: first, creating wide-range volatility to confuse traders; then, inducing both bulls and bears to enter positions; finally, a dual-direction wipeout. This kind of pattern has been seen many times in the crypto market.
**Some suggestions for current trading ideas:**
First, if you still hold positions, it might be time to consider clearing and observing. Not necessarily bearish, but the signal-to-noise ratio at this level is too high, and the risk is heavily weighted.
Second, avoid opening new positions above 93784 for now. Wait and see, let the price give a clearer directional signal before acting. Entering now risks getting caught in the middle.
Honestly, the biggest variable in this market is still the intentions of institutional funds. The current market sentiment is so tangled that it often indicates smart money is still weighing options. Keep a close eye on volume changes and large buy/sell orders, as they might be the real signals of a turning point.