Bitcoin bears are gaining the upper hand in the short term, with price breaking below the 91K round level and gradually approaching the key position of the first short-selling expectation—which aligns perfectly with the first gap on the CME chart. Pay close attention to the performance at the second gap position around 88K subsequently.
From an overall momentum perspective, after facing resistance above and falling back, price is still oscillating within the wedge range. In the short term, keep an eye on the 90K support level; if it breaks, focus on the support strength around 88K. Combined with trendline and chip concentration areas, the 875-880 range constitutes an important support zone.
Trading ideas are as follows: Close short positions for profit near 88K; seek opportunities to go long in the 95-98 range, with averaging-in entry points set around the 875-88 area. Risk management should be properly positioned to control risk exposure.
BTC Market Observation:
Bitcoin bears are gaining the upper hand in the short term, with price breaking below the 91K round level and gradually approaching the key position of the first short-selling expectation—which aligns perfectly with the first gap on the CME chart. Pay close attention to the performance at the second gap position around 88K subsequently.
From an overall momentum perspective, after facing resistance above and falling back, price is still oscillating within the wedge range. In the short term, keep an eye on the 90K support level; if it breaks, focus on the support strength around 88K. Combined with trendline and chip concentration areas, the 875-880 range constitutes an important support zone.
Trading ideas are as follows: Close short positions for profit near 88K; seek opportunities to go long in the 95-98 range, with averaging-in entry points set around the 875-88 area. Risk management should be properly positioned to control risk exposure.