Analysts: Bitcoin is unlikely to recover the key resistance zone of $95,000-$96,000 in the near term; it's too early to talk about a bull market.

According to ME News, on January 8th (UTC+8), Adam, a macro researcher at Greeks.live, posted on the X platform that the decline since August of last year and the two major liquidations in October and November have severely damaged the market. Bitcoin is unlikely to recover the key resistance area of $95,000-$96,000 in the near term. Furthermore, various data have not shown significant improvement, making it premature to discuss a bull market. However, regarding options data, there has been a recent surge in large-scale buying of call options, indicating a clear bottoming signal. (Source: ME)