2026-01-08 09:30:57

Bitcoin's recent performance has indeed been a bit weak. The day before yesterday, it was still in a breakout phase, but today it has turned into a tug-of-war around the 90,000 price level, indicating a lack of bullish momentum in the market. Unless a major negative news event suddenly hits and causes a sharp drop that could trigger a rebound, this bottoming process seems somewhat futile.

It's no longer a trending market; it has shifted into a situation of hunting for stops. Recently, the most concentrated liquidation zones for longs are around 90k, while the truly fertile short accumulation areas are above 95k. Both sides are traps, indicating that the short-term market has not formed a clear direction, mainly just repeatedly harvesting within this range.

BTC0,04%

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Degen4Breakfast

· 4h ago

That 90k price level is really a meat grinder, both bulls and bears are trapped and deadlocked. Wait, isn't this just the big players eating retail investors' chips? Bottoming out is too uncomfortable; might as well just break through directly.

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BoredApeResistance

· 13h ago

This bottoming really gets you high, just missing a sharp drop to save the day The long positions at 90k have already been eaten up, and the shorts at 95k shouldn't be too arrogant Range trapping, mainly just to cut the leeks Short squeeze is still coming, just wait and watch the show Feels like the next big move is coming, going to jail!

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NFTRegretful