Yesterday, Bitcoin started to pull back around 94,200 and failed to reach a new high. With the retracement after the surge, the top pattern is becoming increasingly clear, and this week’s attempt to test the top is basically wrapping up.



From a technical perspective, the OBV indicator shows lackluster incremental performance, and the CCI hasn’t approached the zero axis yet. All these signals are actually suggesting that there’s a high probability of a downward test starting next week. But don’t panic—such retracements are often opportunities for the main players to accumulate chips at lower levels. At the same time, it allows the OBV moving average to move downward, forming a healthier incremental pattern, and lets the CCI slowly climb toward the zero axis during the consolidation. Once this round of bottom-testing and accumulation is over, there will be a chance to re-enter an upward trend.

For Bitcoin today, short-term resistance is at 93,600. If it holds above this level, it may test the 94,600-94,800 range, where you can consider taking a small short position. Further up, there’s resistance at 95,500, but I think it’ll be hard to reach in the short term, so just focus on the first two resistance levels. If there’s a pullback next week, the first target can be around 89,000.

For Solana, 143 is a key level today, and whether it holds will determine the short-term direction. If it holds, look for 145.5 and 148 on the upside. If it pulls back, the first support is around 132, and after a rebound, if it falls again, watch for support at 128.

For Ethereum, the main focus today is the short-term resistance at 3,210. If it can’t break above, you’ll have to wait for 3,260 to consider a short position. For a pullback, the first target area to watch is 2,935-2,915.
BTC-0.09%
SOL-0.56%
ETH0.38%
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BlockchainWorkervip
· 10h ago
It’s starting to pull back again. I knew 94200 wouldn’t hold. Judging by these technical signals, I’m afraid it might dip further next week. Let’s watch 89000 for now and see what happens then.
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SilentObservervip
· 12-05 05:50
Here comes another pullback. How many chips can be absorbed this time depends on the main force's tactics. That 89000 level needs to hold, otherwise my mentality will collapse.
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DeFi_Dad_Jokesvip
· 12-05 05:48
It’s the same old “main force accumulation” talk again—why do they keep saying this every time, haven’t they accumulated enough yet? 😅 If it hits 89,000, how much will we lose… If 143 doesn’t hold, won’t SOL return to 128 to keep me company at my cost? Better wait until ETH breaks 3,210 before making any moves. No point saying anything now.
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GhostAddressMinervip
· 12-05 05:30
If the 94200 level isn't broken, it's time to be cautious. Those dormant addresses on-chain have become active again recently. I bet the main players are lurking around 89000.
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