2026-01-08 08:27:24

Bitcoin opened January with a surge, rising for five consecutive days and bouncing back over 13% from the December lows. Although it broke the downtrend since November, this rally was still tightly constrained within December's opening range.

As long as the price remains above the range, the bullish momentum appears somewhat weak. The question now is straightforward: is this rally a genuine breakout or a "bull trap"? If it's the latter, a new wave of downside pressure could be imminent. On the Bitcoin/USD candlestick chart, the attack and defense lines are already quite clear.

The key point here is — Bitcoin is still trading within December's opening range and is operating below the technical resistance. This position is critical; observing which direction it breaks through will help determine the future trend. From actual trading behavior, if the price still shows a tendency to dip, then the top of this rebound should be around 94,236.

BTC3,22%

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SilentObserver

· 01-11 07:21

It's the same old trick again, first a five-day rally to fool people, then stuck firmly in the December range... I just want to know whether this time will be a breakout or if it's another wave of retail investors being harvested.

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StakeOrRegret

· 01-10 01:39

Digging a hole again? Is this for real or not? It looks like just a fake-out rebound to lure in buyers.

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TommyTeacher1

· 01-09 06:24

It's the same old routine of range breakout. I want to see if the top at 94236 can hold.

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LightningSentry

· 01-08 08:55

Got stuck again in the December range, this bullish wave is indeed weak.

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GhostAddressHunter

· 01-08 08:54

It's that old argument of "bulls digging pits" again. Why do I just find it so hard to believe... 94236 that level is really fake, it feels like it will break with a single poke.

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HashRateHustler

· 01-08 08:53

Is it that again? The 13% rebound is tightly trapped, the bulls are just digging a hole for the bears. It looks like a real breakout, but in reality, it's still spinning inside the trap. If the 94236 level can't be broken, then let's prepare for the next round of sell-off. The interval resistance is so fierce, it still feels like it will fall. A true breakout or just digging a trap, we'll know from the trend in the next couple of days, it's quite uncertain. That line in December is tightly locked, this time it's probably just the prelude to the sickle harvest. The bulls are weak, so it's better for us to wait for a break signal to be more confident.

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ApeWithNoFear

· 01-08 08:51

Long positions digging pits are really annoying. The 13% rebound result got stuck in the range, feeling like giving bullets to the shorts. If this rebound top really hits 94,236, that would be heartbreaking. At that point, we'll have to watch another round of downward drama.

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RugResistant

· 01-08 08:48

It's that same "trap" tactic again. I knew the 13% rebound was too smooth, it feels like it's about to drop back at any moment.

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BearMarketSunriser

· 01-08 08:47

They're digging a hole again. Will this really break through this time or just continue to harvest the chives?

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