#美联储降息 The market is entering a consolidation phase, and trading activity has cooled down. After Bitcoin’s rapid bottoming out yesterday, it neither continued to break down nor rebounded immediately. Instead, it repeatedly fought around the 90,000 level, with daily fluctuations of only a few thousand points, and the directional signals are not clear. This market characteristic is a common pattern of trading time for space, requiring confirmation of a breakout at key levels. As long as the important resistance remains, the market can continue to engage in long and short battles within this range. The strategy is to maintain a high-short, low-long range approach.
From the hourly chart, after the price quickly touched a key support level last night, buying interest entered rapidly, effectively absorbing market sell-offs. The market then shifted to consolidation. Currently, the candlestick pattern consists of frequent small bullish and bearish candles, with the volatility gradually shrinking, showing clear signs of sideways movement. The bullish and bearish forces are roughly balanced, with trading volume shrinking simultaneously, indicating the market is entering a short-term buildup phase.
$BTC: Consider going long near 90,000, target around 91,500
$ETH: Consider going long near 3,080, target around 3,150
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Layer2Arbitrageur
· 2h ago
lmao 90k sideways action again... honestly just running the numbers on this microstructure, and the volume compression literally screams MEV territory. if you're not calculating the basis between spot and perps during these dead zones, you're just leaving basis points on the table fr fr
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AirdropHuntress
· 17h ago
Honestly, the 90000 level is a bit awkward; funds are coming in and out, testing the waters. It looks like big players are accumulating.
Wait, with trading volume shrinking even more, what’s going on? We need to see what the wallet addresses are doing.
Is this move a genuine buildup or just a fake? Historical data needs to be carefully analyzed.
If 91500 can't be broken, we're still stuck in a predicament.
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TokenToaster
· 17h ago
Here, repeated testing of 90000 seems like the market maker is shaking out the weak hands.
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It's another case of trading space for time. I'm a bit tired of this explanation.
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Still daring to buy more despite shrinking volume? I'll wait and see.
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BTC is stuck right here. Why can't it give a clear signal?
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Listening to high shorts and low longs feels comfortable, but in practice, it's easy to get caught.
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That wave of buying last night must be feeling pretty bad now, haha.
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I've already set up my position at ETH 3080; let's see if it can reach 3150.
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The most annoying thing about a balancing state is that you can't make money and your mindset suffers from losses.
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This rate cut by the Federal Reserve actually makes the market less exciting.
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Horizontal consolidation, in simple terms, is just the market maker absorbing the orders.
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ZenMiner
· 17h ago
Why is this level of 90,000 so sticky? Can't move at all, pop pop pop.
Consolidating and holding a big move, just waiting for that bullish candle.
This wave of ETH feels a bit weak; 3150 depends on luck.
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HalfIsEmpty
· 18h ago
90,000 this wave is indeed awkward, stuck so tightly
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It's another case of time exchanging for space, I'm tired of this routine
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What is Bitcoin hesitating for here? Just give a direction, isn't that enough?
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If the hourly chart continues to contract like this, I guess I'll be cut again when it explodes
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Bull-bear balance? That's just the market maker absorbing orders
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I'm trusting the 91,500 target, but I just don't know when it'll happen
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When trading volume shrinks, it's often the calm before the storm, or no one wants to play anymore
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High shorting and low longing sound comfortable, but in practice, you're just caught in a trap
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ETH at this position is too awkward, feels like waiting for an opportunity
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Federal Reserve rate cuts, is this the effect? I thought it would take off
#美联储降息 The market is entering a consolidation phase, and trading activity has cooled down. After Bitcoin’s rapid bottoming out yesterday, it neither continued to break down nor rebounded immediately. Instead, it repeatedly fought around the 90,000 level, with daily fluctuations of only a few thousand points, and the directional signals are not clear. This market characteristic is a common pattern of trading time for space, requiring confirmation of a breakout at key levels. As long as the important resistance remains, the market can continue to engage in long and short battles within this range. The strategy is to maintain a high-short, low-long range approach.
From the hourly chart, after the price quickly touched a key support level last night, buying interest entered rapidly, effectively absorbing market sell-offs. The market then shifted to consolidation. Currently, the candlestick pattern consists of frequent small bullish and bearish candles, with the volatility gradually shrinking, showing clear signs of sideways movement. The bullish and bearish forces are roughly balanced, with trading volume shrinking simultaneously, indicating the market is entering a short-term buildup phase.
$BTC: Consider going long near 90,000, target around 91,500
$ETH: Consider going long near 3,080, target around 3,150