#Strategy加仓BTC Bitcoin daily breakout imminent, bullish signals becoming clearer



Recently, the market sentiment has noticeably shifted. The greed index across the entire market is rising, mainly reflected in continuous net inflows into ETFs and large institutions like Grayscale remaining optimistic about BTC's future prospects. According to on-chain data, the probability of returning to $100,000 in January is already 80%.

From a technical perspective, once the price breaks through the key resistance at 98,000, the total liquidation of short positions could reach nearly 400 million. Considering today is Friday, weekends usually lack the impact of US stock shorting forces, combined with the active participation of bottom-fishing funds during Asian hours, the potential for a significant rally remains quite high.

Currently, Bitcoin is stabilizing near the support level. From a cost-effectiveness standpoint, going long at this position is indeed more attractive than shorting. If the price can hold steady around this area in the short term, the probability of a surge next week is quite high. For those interested in a deeper discussion on trading strategies, we can analyze specific entry points and risk management ideas together.
BTC-0.54%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
Add a comment
Add a comment
NeverPresentvip
· 01-17 19:26
Can the 98,000 barrier be broken? I feel like I've tried many times before.
View OriginalReply0
BTCBeliefStationvip
· 01-16 11:16
Breaking 98,000 is what really counts; it's a bit early to talk about these now.
View OriginalReply0
AirdropHunterXiaovip
· 01-16 10:29
It seems that the 98,000 barrier isn't so easy to break, just like I said last time...
View OriginalReply0
BearMarketSurvivorvip
· 01-16 10:29
If I can't break 98,000, I don't believe it. This weekend, the Asian session is going to make a move.
View OriginalReply0
MemeTokenGeniusvip
· 01-16 10:20
Has the 98,000 level been broken yet? I'm just waiting for an opportunity now.
View OriginalReply0
AlwaysQuestioningvip
· 01-16 10:06
Is 98,000 broken or not? I feel like this market is a bit strange.
View OriginalReply0
SandwichTradervip
· 01-16 10:01
Is breaking 98,000 possible or not? That's the key, don't just talk about probabilities...
View OriginalReply0
  • Pin