BTC accumulates energy at the top of the range
2025-01-06
Category: None



After the BTC downward channel changes, a wide horizontal range is formed.
The 100,000-point line above forms the top of the range.
In the current trend, the price has continued to rise to the 92,000 line at the bottom of the range, and is approaching the top pressure. Upward momentum fading. The hourly line forms a narrow range of 98,600-97,600 for adjustment. After breaking through this range at the short-term level, it weakens under pressure at 100,000.
Overall, BTC's short-term upward trend shows signs of stagflation. An inflection point has not yet been formed. If the market rises again after the adjustment of 98,600-100,000, then a second surge may be formed in the future.
The narrow range below supports, and if the market wants to return to the short side, then 97,600 is an important support line for the downward trend.

Operation suggestions:
BTC rushes up and short orders are arranged under the pressure of the 99,500-100,000 area
Break through 101,500 as a stop loss basis. Pay attention to the break below the narrow range on the downward side.

Bulls suggest that BTC should adjust upward and stabilize above 100,000 before investing in long orders, and use breaking below the narrow range as a basis for stop loss.