BTC rebound stalls: Traders have mixed opinions on the breakout prospects, technicals remain under pressure

According to the latest analysis by the Greeks.Live research team, market expectations for Bitcoin’s recent upward momentum are showing clear divergence. Since the launch of the IBIT options product in mid-November last year, Bitcoin’s trend pattern has undergone subtle changes, with some traders viewing this as a sign of a turning point.

The bearish camp argues that BTC has performed relatively weakly in this recent rally, especially lacking strong upward signals during US trading hours. This situation has led many to remain cautious about a potential major breakout towards the end of the year.

From a technical perspective, the daily chart still exhibits downward structural features. Adam specifically mentioned that the volatility range around early January warrants attention, but he also emphasized that the vast majority of traders remain skeptical about BTC achieving a breakthrough reversal.

The divided opinions among market participants reflect the current uncertainty. Pessimism about the breakout prospects exceeds optimistic expectations, and technical data further supports this cautious market attitude.

BTC1,03%
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