Recently, Bitcoin's price movement has indeed been testing traders' patience. Regarding the January 6th market trend, let me outline a few core trading ideas.
From a right-side trading perspective, there are currently two clear directional signals. One is a buying opportunity—if BTC breaks above 93,450 with volume and can hold steady, then entering long positions afterward is relatively safe. In this case, the stop-loss can be set at 93,000. Conversely, if the price drops below 93,220 with volume and subsequent rebounds fail to bring it back above this level, then a shorting opportunity should be considered, with the stop-loss placed at 93,550.
Looking upward, there is an even more important threshold on the hourly chart—93,950. If BTC can break through and stabilize above this level, the upward potential can further open up, with targets at 94,750 and then 95,600. This level is crucial for determining whether a new round of accelerated upward movement can begin.
Key reminder: Do not rush into "breakouts" or "breakdowns"—wait for the candlestick to close confirmation, and also check whether the trading volume truly supports the move. This way, you can avoid being misled by false signals. Buckle up, be patient, and you'll be able to seize genuine opportunities.
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SelfRugger
· 01-07 03:06
Breaking this key level at 93950 is essential; otherwise, it's just another fake breakout, I'm done.
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GweiWatcher
· 01-06 13:00
The 93,950 hurdle depends on trading volume; fake breakouts are way too common.
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FloorSweeper
· 01-06 13:00
yeah nah, all these "support/resistance" takes are just paper hand bait. everyone's watching the same levels lmao, that's literally the point they get rejected... the real move happens when algos flush out the weak before the actual breakout. good luck waiting for candle closes while whales accumulate on the quiet.
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NotFinancialAdviser
· 01-06 12:59
93950 this level is really frustrating. How many times have I fallen for fake breakthroughs before?
Recently, Bitcoin's price movement has indeed been testing traders' patience. Regarding the January 6th market trend, let me outline a few core trading ideas.
From a right-side trading perspective, there are currently two clear directional signals. One is a buying opportunity—if BTC breaks above 93,450 with volume and can hold steady, then entering long positions afterward is relatively safe. In this case, the stop-loss can be set at 93,000. Conversely, if the price drops below 93,220 with volume and subsequent rebounds fail to bring it back above this level, then a shorting opportunity should be considered, with the stop-loss placed at 93,550.
Looking upward, there is an even more important threshold on the hourly chart—93,950. If BTC can break through and stabilize above this level, the upward potential can further open up, with targets at 94,750 and then 95,600. This level is crucial for determining whether a new round of accelerated upward movement can begin.
Key reminder: Do not rush into "breakouts" or "breakdowns"—wait for the candlestick to close confirmation, and also check whether the trading volume truly supports the move. This way, you can avoid being misled by false signals. Buckle up, be patient, and you'll be able to seize genuine opportunities.