Bitcoin Market Observation: This weekend's volatility has given us many insights. The price has already broken below the daily MA7 moving average, which means the short-term bullish pattern has been broken, and downward pressure is coming. The hourly chart currently shows a contracting weakening pattern, although a short-term support was established around 94800, but the question is—liquidity environment is not ideal. Whether this level can hold steady depends on subsequent performance. The key now is to see if this support can withstand the test; otherwise, further decline is possible.
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DeepRabbitHole
· 01-21 20:46
Can the key level at 94800 hold? We'll see the outcome soon.
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OnChainDetective
· 01-20 23:53
94800 this level is too suspicious. I need to check if there are any large transfers on the chain... It feels like a whale is accumulating.
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NotFinancialAdvice
· 01-18 21:49
If we can hold the 94,800 level, there's hope; if not, let's keep looking further down.
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AirdropHunterXM
· 01-18 21:40
Here comes the Bitcoin defense battle again. Can we really hold the 94,800 level? I really can't quite understand it.
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CryptoHistoryClass
· 01-18 21:25
ah here we go again, ma7 break on daily... *checks 2017 charts* yeah this is giving serious capitulation setup vibes ngl
Bitcoin Market Observation: This weekend's volatility has given us many insights. The price has already broken below the daily MA7 moving average, which means the short-term bullish pattern has been broken, and downward pressure is coming. The hourly chart currently shows a contracting weakening pattern, although a short-term support was established around 94800, but the question is—liquidity environment is not ideal. Whether this level can hold steady depends on subsequent performance. The key now is to see if this support can withstand the test; otherwise, further decline is possible.