Bitcoin's morning trend is quite interesting. It hit a low of 90635 in the early hours, then rebounded to 91666, but did not continue higher and instead pulled back. This kind of movement is actually quite common — a technical correction at high levels, not a sign of trend reversal.



For bullish strategies: if you are optimistic about the future market, you can consider entering a light position in the 90600-90800 range, with a stop loss below 90000. The initial target is 91800-92000. If this level breaks, you can continue to watch for the 93800-94000 range.

Conversely, if you prefer to short: you can set a light short position around 91800-92000, with a stop loss above 92500. The target is a return to 90800-90600. After a breakout, keep an eye on support levels at 90000-89800.

The key support level is around 90600, and resistance is near 91800. These two points are the main reference today. Overall, the market is still oscillating within the range, with no clear breakout trend. In the short term, it depends on how these two key levels perform.
BTC0,37%
View Original
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
  • 5
  • Repost
  • Share
Comment
0/400
DegenWhisperervip
· 15h ago
Back to the range-bound oscillation routine again. I think it's just testing our patience. It seems like no matter what we do, we can only lose money. Both bulls and bears are ambushed. Breaking 90600 is the key, but I still bet five bucks that I need to stay here for a while. If this wave gets another needle insertion, I might consider switching to spot trading and stop messing around with short-term trades. It's actually a directionless market, which is really annoying to watch.
View OriginalReply0
GasFeeNightmarevip
· 01-08 15:50
It's another period of fluctuation. Watching these two levels every day feels endless, just like tracking gas. Whether 90600 holds or not is the real question; if it's broken, I'll just run away.
View OriginalReply0
New_Ser_Ngmivip
· 01-08 03:57
Whether 90600 breaks or not directly determines how to play next. Right now, it's just waiting for the show to unfold.
View OriginalReply0
AlwaysQuestioningvip
· 01-08 03:41
Will the 90600 position once again become the crossroads of destiny? No way, no way!
View OriginalReply0
MEVictimvip
· 01-08 03:35
Still pulling back and forth at 90600, it's exhausting to watch. Will it break or not?
View OriginalReply0
  • Pin

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