Bitcoin price on January 5th

This article was written at 15:35. Yesterday, we mentioned that Bitcoin bulls were strong and that it was better to chase the rise than to short. The early morning rally liquidated some short positions. Our long positions were entered around 91300, with a target of 935-94000, which was largely reached, yielding a profit of around 2000 points. Currently, Bitcoin is still at a high level. On the daily chart, 94000 is the resistance level where the bulls first launched their counterattack after the previous decline. The failure to break through this level has led to the price consolidating in a range below. Now, approaching the 94000 resistance level again, a pullback is expected after touching around 94 before another upward move. For trading, we can pay attention to the closing price around 94000. If the 4-hour chart shows an upper shadow and a bearish close around 94000, a short position can be considered. If the daily chart shows a bullish breakout above 94000, a further rise to around 98000 can be considered. Specific entry points should be based on the breakout situation around 94000. We will not predict the exact price; we will observe the market and determine entry opportunities independently. Click on the profile picture above to open my profile page and discuss market trends together; short-term trading, manage risk, and be responsible for your own profits and losses;