Bitcoin sharply surged from around 86,350 in the morning, once touching the 88,000 level, but then encountered obvious resistance and quickly pulled back. It’s clear that the resistance level above is very strong, and the bullish momentum has already significantly weakened. Currently, there are no strong signals indicating a breakthrough of the resistance.
Based on this trend, the recent trading strategy should still focus on shorting at high levels. It is recommended to look for suitable shorting opportunities around the 88,500-89,500 range. If the short positions are successfully established, the key profit-taking zone can be focused on the 85,000-86,000 area below.
Of course, this is just a general judgment. In actual trading, adjustments should be made according to real-time market conditions. Never insist on a single direction blindly. Grasping the right timing for each entry and exit is the key to success. Especially in this kind of volatile market, risk management should always come first.
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.
11 Likes
Reward
11
4
Repost
Share
Comment
0/400
NFTBlackHole
· 8h ago
88,000 is another shattered dream, the bulls really have no strength left
---
This wave of resistance is really tightly stuck, it feels like 88,500 above is the ceiling
---
Damn, here comes another high-level shorting setup, I’m familiar with this routine
---
The profit margin between 85,000-86,000 is still quite tempting, just depends on whether I can build a position smoothly
---
The most annoying thing in a volatile market is being repeatedly cut off with no warning
---
Going against a trend is basically asking for death, that’s a no-brainer
---
When momentum weakens, you should be alert. I lost money before because I didn’t heed advice
---
Risk management for short positions really should be a top priority, don’t be greedy
---
If 88,000 can’t be broken, then it’s a clear sign to look for a decline, the logic is very straightforward
---
This kind of market makes people conflicted, to enter or not to enter, it’s uncomfortable
View OriginalReply0
ser_ngmi
· 8h ago
88,000 has been pushed down again, a classic false breakout. The bulls really have no strength left this time.
---
Going short at high levels is still the safer option. Don't be greedy for a few hundred bucks and keep getting beaten up.
---
Risk management > everything. In a volatile market, the easiest to get liquidated are those who stubbornly hold on.
---
The 85-86K range is indeed worth paying attention to, but only if the short positions are successfully established.
---
It's another resistance level getting stuck. When will it break through? So annoying.
---
I don't know if it's possible to enter now, but it's definitely not the time to buy at high levels.
---
In this kind of market, a steady mindset is essential. Chasing highs is just digging your own grave.
---
It still looks like a sideways pattern, with no clear trend.
---
Shorting between 88,500 and 89,500 is a pretty reasonable strategy.
---
The real profit-making experts are waiting, not messing around every day.
View OriginalReply0
ETHmaxi_NoFilter
· 8h ago
If 88,000 can't be broken, then we have to admit defeat. That resistance level is really a dead end.
---
Once again, going short at high levels, short every day, trapped every day, hilarious.
---
Risk management first? My friend has never done that, and then his account was wiped out haha.
---
The area around 85 to 86 is indeed tempting, just depends on whether it can go smoothly.
---
Hardly betting on one direction can really ruin people, I've seen too many cases.
---
This bullish wave is weak, it's really time to consider the opposite.
---
Feeling a bit hesitant to go short at 88,500, what if it rebounds?
---
Always told not to hard hedge, but in the end, I still go all-in on one direction.
---
Resistance is so firm, what does that mean? The buyers are completely out of strength.
---
This wave's movement is completely stagnant, it's torturous.
View OriginalReply0
GasFeeVictim
· 8h ago
88,000 is the ceiling. If you can't push through this wave, you should have been bearish long ago.
---
It's another high-level short setup. When will we finally catch a true bottom?
---
The bulls are really out of steam. The technicals are clear at a glance.
---
Let's see if 85,000 can hold. Otherwise, this gap has been given away.
---
Risk management first, well said. Many people can't do it; going all-in is really a waste of money.
---
I'm considering a short at 88,500, but I always feel I'll get trapped.
---
The feeling of being stuck at resistance is real, but such volatility is the easiest to get liquidated.
---
Don't listen to the high-level short setups; it might just rebound to 90,000.
---
The profit margin from 85,000 to 86,000 is good, just worried it won't come back.
Bitcoin sharply surged from around 86,350 in the morning, once touching the 88,000 level, but then encountered obvious resistance and quickly pulled back. It’s clear that the resistance level above is very strong, and the bullish momentum has already significantly weakened. Currently, there are no strong signals indicating a breakthrough of the resistance.
Based on this trend, the recent trading strategy should still focus on shorting at high levels. It is recommended to look for suitable shorting opportunities around the 88,500-89,500 range. If the short positions are successfully established, the key profit-taking zone can be focused on the 85,000-86,000 area below.
Of course, this is just a general judgment. In actual trading, adjustments should be made according to real-time market conditions. Never insist on a single direction blindly. Grasping the right timing for each entry and exit is the key to success. Especially in this kind of volatile market, risk management should always come first.