2026-01-05 04:35:08

BTC technical indicators show a key signal—January 5 Market Analysis. After closing out short positions yesterday, I have gained new insights into the market. Observing the current trend reveals two noteworthy phenomena: first, the 904 major resistance level has been effectively broken and stabilized, which on a technical level signals a clear upward trend. Second, based on on-chain capital accumulation data, there is no significant sign of large-scale fund outflows near the 915 resistance level, indicating that holders remain optimistic about the potential for further gains. The market itself also remains quite resilient, with a clear direction in the main capital deployment. With this technical backdrop and capital support, the bearish outlook is no longer aligned with the current market rhythm. A bullish pattern is gradually taking shape, and strategic adjustments are needed.

BTC0,12%

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.

14 Likes

Reward
14
7
Repost
Share

Comment

0/400

PumpAnalyst

· 01-06 19:42

904 has been broken, the previous short positions indeed should have been stopped out, but don’t be fooled by the fake breakout caused by the manipulators pulling the market [Thinking] Is the capital not fleeing? That means the main force is accumulating, waiting to cut the late chasing traders at higher prices Can 915 really hold steady? I remain skeptical, it’s just a repeated trick from history Is the bullish pattern established? Listen, they said the same a couple of days ago, and look what happened [Sneer] But to be fair, this rebound does have some rhythm, it can be followed in the short term, but be sure to set a proper stop-loss!

View OriginalReply0

OptionWhisperer

· 01-05 18:01

904, once broken, is just broken. The question is whether it can hold. Those previous breakdowns all retraced back, will it happen again this time?

View OriginalReply0

GasWaster

· 01-05 05:02

lol finally pivoting after that failed short... watched my gwei spike to 89 during the dump, rip those tx fees. anyway 904 breakout looking legit but ngl still haunted by every resistance level that turned into a rug 💀

Reply0

SchrodingerAirdrop