Bitcoin's recent trend has still been dominated by the bears. The price briefly broke below 91k and is now approaching our initial target for short positions—specifically the first gap on the CME chart. The next focus is on the second gap, which is around 88k.
From the overall rhythm, the market is following the same old pattern—resistance leads to decline. The overall framework remains a wedge pattern, with around 90k as a key short-term support. If it breaks below that, then we need to see if 88k can hold. Based on trend lines and chip distribution, a stronger support zone should be between 875k and 880k.
Let's briefly discuss the trading strategy. Close all short positions around 88k to take profits. Then, enter long positions at 89588, and add to the position at 87588 (using 50x leverage). This approach avoids greed and leaves room for adjustments.
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ContractHunter
· 01-08 05:00
Is it really impossible to hold the 88k? I feel there's still room for this wave to go down.
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LiquidityLarry
· 01-08 04:57
If we can't hold the 88k, we will have to keep looking down.
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SatoshiLeftOnRead
· 01-08 04:56
88k reached, the bears continue to eat up
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VirtualRichDream
· 01-08 04:51
Can 88k really hold? Feels a bit uncertain this time.
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CexIsBad
· 01-08 04:46
If we can't hold on to 88k, we'll have to keep looking downward.
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GasWaster69
· 01-08 04:40
88k really can't hold up, feels like it's going to crash directly
Bitcoin's recent trend has still been dominated by the bears. The price briefly broke below 91k and is now approaching our initial target for short positions—specifically the first gap on the CME chart. The next focus is on the second gap, which is around 88k.
From the overall rhythm, the market is following the same old pattern—resistance leads to decline. The overall framework remains a wedge pattern, with around 90k as a key short-term support. If it breaks below that, then we need to see if 88k can hold. Based on trend lines and chip distribution, a stronger support zone should be between 875k and 880k.
Let's briefly discuss the trading strategy. Close all short positions around 88k to take profits. Then, enter long positions at 89588, and add to the position at 87588 (using 50x leverage). This approach avoids greed and leaves room for adjustments.