#BinanceABCs Bitcoin fluctuated around 88000 last night, spiking near 89000 before crashing back to 87600. Overall, it is still moving within the expected range of 87000-89000. The daily chart shows decent upward momentum, continue to follow the resistance level above 90500, with support around 87000 below. The 4-hour chart shows signs of a shrinking Doji Candle Pattern, and the 1-hour upward momentum is diminishing, the pace has become a bit loose.
The main idea for this wave of market movements in the early morning is to short at high positions.
**Monday Early Morning Trading Plan:**
Bitcoin can be considered for short positions around the 88200-88500 range, with the target looking towards the 87000-86700 interval.
Short Ethereum around 2975-3000, targeting 2915-2890.
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.
9 Likes
Reward
9
7
Repost
Share
Comment
0/400
CantAffordPancake
· 4h ago
88000 is really annoying with the constant ups and downs. Same old routine, waiting for a Rebound with short orders at high positions.
---
The pace has indeed relaxed, it looks like I'll have to wait before taking action.
---
I'll have to grind in this range again, when will it break through?
---
I am serious about the short order at midnight, just waiting to see if it can reach 87000.
---
I'm a bit hesitant at the Ethereum 2975 point, feels like I should wait a bit longer.
---
The daily chart momentum looks good but the 4-hour signal is a bit unclear, how should I proceed?
---
I plan to short at 88500; if it can't break through, it would be a joke.
---
If the 87000 support can't hold, then it will be interesting.
---
The reduced volume cross, is this meant for a shakeout or brewing something? Can anyone tell me?
---
Shorting at high positions does feel appealing, but I'm afraid of getting hit when I take the opposite position.
View OriginalReply0
AirdropDreamer
· 4h ago
The 88000 level has been range-bound repeatedly, it's getting annoying just watching it, waiting for it to get dumped.
It's indeed time to place a short order at the high, it would be strange if it doesn't break below 87000.
View OriginalReply0
Hash_Bandit
· 4h ago
nah the ranging is killing me, that 87-89k chop feels like a difficulty epoch where nothing's moving... good setup for shorts tho, might finally get some real hashpower behind this move downward
Reply0
MevShadowranger
· 4h ago
It's that same range-bound drama again, 88000 is really tormenting people.
This rhythm has indeed loosened up, I actually have a positive outlook on the high-altitude approach.
View OriginalReply0
WalletManager
· 4h ago
I don't feel comfortable at the price level of 88200. The low volume candlestick indicates that the market is hesitating. Keep a close eye on the stop loss for high-level short orders, and don't regret it after getting liquidated on the contract.
View OriginalReply0
HodlKumamon
· 4h ago
Oh dear, it's another one of those indecisive market conditions. The bear just did a calculation, and the statistical significance of this bouncing around the 88000 mark is actually not enough.
I've got the idea for this short position, but I still recommend that everyone calculates their stop-loss levels carefully. The market can be quite temperamental.
The key is still whether the 90500 can be broken, otherwise, we’ll just continue dancing in this box.
View OriginalReply0
APY_Chaser
· 4h ago
88000 This checkpoint is really grinding, neither up nor down feels good, it seems like I have to wait a bit longer.
#BinanceABCs Bitcoin fluctuated around 88000 last night, spiking near 89000 before crashing back to 87600. Overall, it is still moving within the expected range of 87000-89000. The daily chart shows decent upward momentum, continue to follow the resistance level above 90500, with support around 87000 below. The 4-hour chart shows signs of a shrinking Doji Candle Pattern, and the 1-hour upward momentum is diminishing, the pace has become a bit loose.
The main idea for this wave of market movements in the early morning is to short at high positions.
**Monday Early Morning Trading Plan:**
Bitcoin can be considered for short positions around the 88200-88500 range, with the target looking towards the 87000-86700 interval.
Short Ethereum around 2975-3000, targeting 2915-2890.
$BTC $ETH $SOL follow