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Bitfinex Alpha Report: BTC Testing Resistance Zone at $93,500-95,000, Entering Range-Bound Phase
Summary: According to reports from Bitfinex Alpha, Bitcoin has been continuously testing the key resistance zone of $93,500 to $95,000 after rebounding from a low point near $80,800 in late November. The short-term price trend is still constrained by factors such as ETF fund flows. Currently, Bitcoin is entering a dense supply zone formed by recent ...
According to reports from Bitfinex Alpha, Bitcoin has been continuously testing the key resistance zone of $93,500 to $95,000 after rebounding from a low point near $80,800 in late November. The short-term price trend is still constrained by factors such as ETF fund flows. Currently, Bitcoin is entering a dense supply zone formed by recent high buyers, with a cost basis between $92,100 and $117,400. As the price returns to this area, holders hoping to break even may increase selling pressure, creating significant resistance above, or facing 'break-even selling pressure,' the market may remain range-bound. The derivatives market reflects a cautious optimism, with a mix of long-term bullish positions and short-term hedging against downside risks.
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Link: Bitfinex Alpha Report: BTC Testing Resistance Zone at $93,500-95,000, Entering Range-Bound Phase [Copy]
