Idle without movement, unable to rise?



Bitcoin rebounded to around 90300 yesterday but faced resistance and retreated to around 89400. Our long position was entered at around 885. From the chart, it initially rose above 90,000 but then started to decline again.

After a particularly unusual candlestick pattern, the market stabilized within the 885-90,000 range. Today, the market looks too weak; could it break below the support at 884?

First, watch for the break below 884 yesterday, which would mean our long position is protected and we exit. Then look for the next support level to re-enter. If it doesn't break, we continue to hold and aim for above 90,000.

BTC trading suggestion: 874-879 range, defend 800 points, target 91,000. Breakthrough to watch for 92,000#加密市场观察
BTC0,95%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)