Bitcoin surged to around 94,600 last night, but still fell just short of 95,000—a tough resistance level indeed. The failed breakout wasn’t unexpected, since the 94,000+ area is already a local high.
With December coming to an end, the Fed’s rate-cut cycle is also wrapping up. Frankly, Bitcoin is already trading near historic lows, so even if there’s some bearish news in the future, bulls still have the upper hand. The strategy remains bullish, with key focus on whether 95,000 can be broken through today. Price action might be slow during the day, but once it breaks out, there won’t be much resistance left.
Early session strategy remains to focus on buying the dip.
**Trading Reference** - Buy on dips in the 91,500–92,000 range, targeting 95,000 - If it breaks through, continue to go long; if it fails, consider shorting - Watch $BTC $ETH $BNB for correlated moves
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GhostInTheChain
· 5h ago
94600 is still almost hot, and the hurdle of 95000 has to be rewritten
This time I really feel like the bulls can't move... But then again, the price is indeed low now, anyway, I will continue to be bullish
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TokenomicsPolice
· 5h ago
94600 almost broke, this level is really tough, but I still favor the bulls this time. Now it's just a matter of whether 95000 can be taken out today.
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The low buy zone looks good, entering at 91500-92000 is pretty solid. Anyway, it can't really be dumped much now.
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The Fed's rate-cutting cycle is almost over, and the coin price being near historical lows is definitely bullish—bulls still have the upper hand.
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Once 95000 breaks, the pressure should be released. It’s okay if things move slowly during the day, just worried about a sudden dump at night.
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The key is still whether BTC can break out. Once it moves, ETH and BNB will definitely rally as well.
#美联储重启降息步伐 Wednesday Morning Market Overview
Bitcoin surged to around 94,600 last night, but still fell just short of 95,000—a tough resistance level indeed. The failed breakout wasn’t unexpected, since the 94,000+ area is already a local high.
With December coming to an end, the Fed’s rate-cut cycle is also wrapping up. Frankly, Bitcoin is already trading near historic lows, so even if there’s some bearish news in the future, bulls still have the upper hand. The strategy remains bullish, with key focus on whether 95,000 can be broken through today. Price action might be slow during the day, but once it breaks out, there won’t be much resistance left.
Early session strategy remains to focus on buying the dip.
**Trading Reference**
- Buy on dips in the 91,500–92,000 range, targeting 95,000
- If it breaks through, continue to go long; if it fails, consider shorting
- Watch $BTC $ETH $BNB for correlated moves