Looking at Bitcoin's recent market performance, the 90500 level has indeed held up quite well. Every time the price retraces to this point, we see bulls stepping in to support, followed by a quick rebound. Although the overall movement is still oscillating within a range, multiple attempts to test resistance without breaking, and rebounds on dips, clearly demonstrate the true effectiveness of this support level. Moreover, this reflects that the market bullish sentiment has not faded, and the willingness to accumulate at lower levels remains strong.
From the recent oscillating upward trend, it appears that the current market is repeatedly consolidating the bottom. Each low-level rebound not only reinforces the support zone but also accumulates momentum for subsequent upward movement. This gradual accumulation lays a foundation for further rises.
From a practical trading perspective, the short-term approach can be as follows: closely follow the bullish rebound rhythm, look for opportunities to buy on dips within the support zone, and patiently follow the market upward. The key is to see whether the rebound can continue and whether trading volume supports it. Once these two conditions are met, the market may attempt to test higher resistance zones, continuing the previous oscillating upward pattern.
Overall, the current strategy should be to follow the trend with gradual long positions and incremental upward expectations. Respect the actual role of support levels while seizing opportunities for further upward movement after consolidation. When the rebound momentum begins to slow and resistance is clearly encountered, adjust flexibly based on the specific market structure. At this stage, patience is essential—closely monitor whether support can hold and whether the rebound can extend further, as these are key signals.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
9
Repost
Share
Comment
0/400
DuskSurfer
· 01-10 23:36
90500 really held firm, this bullish run was worth the wait
View OriginalReply0
BlockchainArchaeologist
· 01-10 04:07
The 90,500 level is indeed holding strong; the bulls haven't let go of the handle.
View OriginalReply0
probably_nothing_anon
· 01-08 16:46
90500 can indeed hold up; there's always someone coming in to buy the dip, and the rhythm is good.
View OriginalReply0
ShadowStaker
· 01-08 00:50
90500 holding yet again... sure, but let's be honest, how many "real supports" have we called before they evaporated lol. volume's the real tell here, not the bounce itself.
Reply0
TradFiRefugee
· 01-08 00:50
90500 is really a strong support level; the bulls are not letting go.
View OriginalReply0
BearMarketSurvivor
· 01-08 00:41
If 90,500 can't be broken, the next move will depend on the trading volume; otherwise, it will just be grinding.
View OriginalReply0
fren_with_benefits
· 01-08 00:39
90500 is indeed a tough level to break through; the bulls still have strength.
View OriginalReply0
TeaTimeTrader
· 01-08 00:35
90500 is really the top; multiple rebounds have been caught here.
View OriginalReply0
TommyTeacher
· 01-08 00:26
90500, this support level is really like glue, sticking very tightly... The bulls' willingness to absorb the selling pressure this time is indeed strong.
Looking at Bitcoin's recent market performance, the 90500 level has indeed held up quite well. Every time the price retraces to this point, we see bulls stepping in to support, followed by a quick rebound. Although the overall movement is still oscillating within a range, multiple attempts to test resistance without breaking, and rebounds on dips, clearly demonstrate the true effectiveness of this support level. Moreover, this reflects that the market bullish sentiment has not faded, and the willingness to accumulate at lower levels remains strong.
From the recent oscillating upward trend, it appears that the current market is repeatedly consolidating the bottom. Each low-level rebound not only reinforces the support zone but also accumulates momentum for subsequent upward movement. This gradual accumulation lays a foundation for further rises.
From a practical trading perspective, the short-term approach can be as follows: closely follow the bullish rebound rhythm, look for opportunities to buy on dips within the support zone, and patiently follow the market upward. The key is to see whether the rebound can continue and whether trading volume supports it. Once these two conditions are met, the market may attempt to test higher resistance zones, continuing the previous oscillating upward pattern.
Overall, the current strategy should be to follow the trend with gradual long positions and incremental upward expectations. Respect the actual role of support levels while seizing opportunities for further upward movement after consolidation. When the rebound momentum begins to slow and resistance is clearly encountered, adjust flexibly based on the specific market structure. At this stage, patience is essential—closely monitor whether support can hold and whether the rebound can extend further, as these are key signals.