Bitcoin was once again under pressure around the 92,000 level last night, with a short-term downward test near 89,000 seeking support. The key point is that this support level has not been broken, and this is our opportunity to go long.
From the current trend, neither Bitcoin nor Ethereum has formed a clear volume breakout. Prices have been oscillating back and forth around the neckline area, forming a typical box consolidation pattern. In this kind of range-bound market, the trading strategy is quite clear — patience is key.
When the right opportunity appears, and if the price retraces to the support without breaking it, that is the best entry point for a long position. Instead of chasing highs, it’s better to look for more confirmed opportunities through repeated testing. This is the steady trading rhythm.
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HodlKumamon
· 01-11 10:28
As long as 89,000 isn't broken, keep accumulating. Anyway, the bear market has already gotten used to this kind of repeated operation.
Wait, are we about to do another dollar-cost averaging... after analyzing historical data, the probability seems decent.
Support holding = opportunity coming, I can understand this logic, but it's mentally exhausting.
The repeated fluctuations between 92 and 89 are more frequent than my heartbeat, but I believe in the bears.
The consolidation phase within the range tests patience the most. Stay patient, everyone, and hold tight.
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GarikBY
· 01-10 06:24
Waiting below 88
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PretendingToReadDocs
· 01-10 05:02
If 89,000 isn't broken through, then it's just dead money; anyway, retail investors always do this.
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SleepTrader
· 01-10 05:01
As long as 89,000 holds, continue to buy more; if it breaks, then see.
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WagmiOrRekt
· 01-10 04:53
As long as 89,000 holds, it's fine. I'm already used to this repeated testing.
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shadowy_supercoder
· 01-10 04:45
89000, this key support level really hasn't broken, I remain optimistic
The box range oscillation is frustrating, it's just a psychological game
Chasing highs means getting cut, waiting for a pullback is the way to go
Be patient this time, there are plenty of opportunities
As long as the support holds, it's time to get in, it's that simple
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GasFeeWhisperer
· 01-10 04:36
89000 this support really held firm, can take a gamble now
Bitcoin was once again under pressure around the 92,000 level last night, with a short-term downward test near 89,000 seeking support. The key point is that this support level has not been broken, and this is our opportunity to go long.
From the current trend, neither Bitcoin nor Ethereum has formed a clear volume breakout. Prices have been oscillating back and forth around the neckline area, forming a typical box consolidation pattern. In this kind of range-bound market, the trading strategy is quite clear — patience is key.
When the right opportunity appears, and if the price retraces to the support without breaking it, that is the best entry point for a long position. Instead of chasing highs, it’s better to look for more confirmed opportunities through repeated testing. This is the steady trading rhythm.