The market's sharp decline this week has indeed been quite intense, wiping out all of last week's gains in just three days. The weekly rebound that initially looked promising now seems to have stalled, and the current K-line structure has been broken, which could significantly reduce the strength of any future rebounds. Currently, the price is approaching an important weekly support level. If it breaks below this, the subsequent trend will need to be approached with caution.
From an operational perspective, friends holding positions in their accounts should stay calm and avoid rushing to add more. Wait patiently for a rebound opportunity to come knocking. The key support zone for Bitcoin is between 87,500 and 88,000, where it is most likely to find support and bounce back. Looking upward, initial resistance is around 90,000 to 91,000. If this can be effectively broken through, the next target zone could be 92,500 to 93,000.
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MelonField
· 9h ago
If you can't hold the 87,500 level, it will be really difficult to choose between breaking even or cutting losses.
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FlashLoanPhantom
· 10h ago
Can the 87,500-88,000 threshold hold up? It feels like it's about to break.
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BearMarketSage
· 10h ago
If you can hold the 87,500-88,000 level, it's considered a profit. If it drops further, your mindset will collapse.
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SudoRm-RfWallet/
· 10h ago
Damn, it dropped again? The weekly rebound is dead. This time, I really need to hold the 87,500.
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SerRugResistant
· 10h ago
87500 is really the critical threshold. If it's broken, we need to prepare for the worst-case scenario.
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GasFeeLady
· 10h ago
ngl watching this bleed out hit different when you've been timing entries wrong... that 87500-88000 support better hold or i'm gonna need to calculate my liquidation gwei like some kind of on-chain fortune teller fr
The market's sharp decline this week has indeed been quite intense, wiping out all of last week's gains in just three days. The weekly rebound that initially looked promising now seems to have stalled, and the current K-line structure has been broken, which could significantly reduce the strength of any future rebounds. Currently, the price is approaching an important weekly support level. If it breaks below this, the subsequent trend will need to be approached with caution.
From an operational perspective, friends holding positions in their accounts should stay calm and avoid rushing to add more. Wait patiently for a rebound opportunity to come knocking. The key support zone for Bitcoin is between 87,500 and 88,000, where it is most likely to find support and bounce back. Looking upward, initial resistance is around 90,000 to 91,000. If this can be effectively broken through, the next target zone could be 92,500 to 93,000.