Bitcoin is now stuck at the critical point of bullish and bearish tug-of-war. The price fluctuates around $90,000, with support found at $88,000 at the lower end. The market's voices are particularly divided—some are optimistic about the macro liquidity improvement and favorable policy expectations, believing that the upward momentum is still intact; but others point out that after dropping from the all-time high, the candlestick patterns look a bit weak, and the technical indicators have already weakened, suggesting that it might continue to explore lower levels. This is the current situation—on one side, optimistic expectations are supporting the market, while on the other side, technical warnings are ringing.
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.
15 Likes
Reward
15
5
Repost
Share
Comment
0/400
GasFeeCrier
· 10h ago
It seems unlikely to hold the 88,000 level; once the technical aspect collapses, it's all over.
View OriginalReply0
Blockwatcher9000
· 15h ago
Whether the 88,000 threshold is broken or not, everything is an illusion
View OriginalReply0
CommunityJanitor
· 16h ago
If 88,000 can't hold, then I have to look lower. Anyway, I have no confidence in chasing higher at this price level.
View OriginalReply0
LeverageAddict
· 16h ago
Once 88k breaks, just go all-in on the short position. Don't talk to me about liquidity.
View OriginalReply0
GasWaster69
· 16h ago
Hold that position at 88,000 tightly. If it breaks again, it will directly drop back to 85.
Bitcoin is now stuck at the critical point of bullish and bearish tug-of-war. The price fluctuates around $90,000, with support found at $88,000 at the lower end. The market's voices are particularly divided—some are optimistic about the macro liquidity improvement and favorable policy expectations, believing that the upward momentum is still intact; but others point out that after dropping from the all-time high, the candlestick patterns look a bit weak, and the technical indicators have already weakened, suggesting that it might continue to explore lower levels. This is the current situation—on one side, optimistic expectations are supporting the market, while on the other side, technical warnings are ringing.