2026-01-17 06:22:46

$BTC Recent market opinions on Bitcoin are somewhat divided. From a technical perspective, the movement starting from the 97,963 level is worth close observation—only when an effective driving wave forms can there be a possibility of further downward exploration.

The current candlestick pattern basically aligns with the double zigzag trend characteristic, and the remaining scenario could be a guiding wedge. Excluding the downward wave, there is actually only one possibility: continuing upward.

Honestly, there's no need to be overly pessimistic at this stage. Instead of blindly bearish, it's better to adjust your mindset according to the actual market rhythm. Currently, two key levels to watch are: resistance around 96,198. If it cannot be broken, it indicates that lower levels are still to come. Support below is approximately at 93,569.

Overall, staying cautious is correct, but an overly bearish outlook might cause you to miss opportunities. It's important to dynamically track trend changes.

BTC-1,3%

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WalletWhisperer

· 01-17 22:05

Double sawtooth? Sounds like more trouble. Let's wait until the key point at 97963 stabilizes before discussing further.

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DeFiChef

· 01-17 18:50

Double sawtooth and wedge shape, isn't this combination just going to continue? Looks quite reasonable.

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MoneyBurner

· 01-17 06:52

Ha, it's another inscrutable double-edged sword. I bet 97963 this breakout will play out.

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GasFeeGazer

· 01-17 06:51

Double sawtooth? Sounds like playing puzzles. Anyway, I'll just see if the 96198 position can hold steady.

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gas_fee_trauma

· 01-17 06:49

Double zigzag pattern, sounds like my trading record... Time to watch the market again, so annoying.

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AirdropChaser

· 01-17 06:34

The double zigzag pattern sounds very complicated. I trust my intuition more. If we can't break through 96198 this time, we'll have to panic. Whether 93569 can hold is the key. Instead of obsessing over whether it's bullish or bearish, it's better to lock in these two levels and wait patiently. The worst thing is being extremely bearish and missing the rebound, that would be a huge loss.

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LonelyAnchorman

· 01-17 06:24

Well, I've heard the double-sawtooth theory quite a few times, but I haven't seen it actually work many times. We'll keep an eye on the positions, but the key is whether we can break through that 96198 hurdle.

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