#BTC行情分析 Bitcoin's recent dip has been quite sharp, with the previously considered key support at $89,000 being directly broken and even briefly reaching around $87,700.
From the daily chart, it attempted to form a bottom triangle pattern, seemingly gathering strength for a rebound, but the subsequent "counterattack" was truly damaging—price fell back below the $90,000 level. This signal warrants our vigilance, as it may indicate that this bottom-building attempt has temporarily failed, and the market could further decline to find more solid support. In such a structure, blindly "bottom fishing" is not advisable; perhaps we need to be more patient, observe carefully, and wait for the bearish forces to fully release. Regarding Bitcoin's short-term trend, the resistance above is quite evident, with $91,600 and $93,400 becoming important testing points for a rebound. If the rebound weakens around these levels, the market may choose to move downward again. The key support zones below are in the $86,000 to $85,000 range. If these can hold, it might brew a new round of opportunities; but if even these are lost, a more prudent approach could be to continue observing and wait for clear signs of a trend reversal before making further plans.
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TheSoundOfLiquidation
· 4m ago
#BTC Market Analysis
Bitcoin's recent dip has been quite aggressive, with the previously considered key support at $89,000 being directly broken through, and even dropping close to $87,700 at one point.
From the daily chart, it attempted to form a bottom triangle pattern, seemingly gathering strength for a rebound, but the subsequent "counterattack" after the breakout was truly damaging—price fell back below the $90,000 level. This signal warrants our vigilance, as it may indicate that this bottoming attempt has temporarily failed, and the market could further decline to find more solid support. Under such a structure, blindly "bottom fishing" is not advisable; perhaps we need to be more patient, observing until the bearish momentum fully releases.
Regarding Bitcoin's short-term trend, the resistance above is quite evident, with $91,600 and $93,400 becoming critical testing points for a rebound. If the rebound weakens around these levels, the market may choose to move downward again. The key support zone below is between $86,000 and $85,000; if this holds, it might brew a new opportunity. But if even this level is lost, a more prudent approach could be to continue observing and wait for clear signs of a trend reversal before making any moves.
#BTC行情分析 Bitcoin's recent dip has been quite sharp, with the previously considered key support at $89,000 being directly broken and even briefly reaching around $87,700.
From the daily chart, it attempted to form a bottom triangle pattern, seemingly gathering strength for a rebound, but the subsequent "counterattack" was truly damaging—price fell back below the $90,000 level. This signal warrants our vigilance, as it may indicate that this bottom-building attempt has temporarily failed, and the market could further decline to find more solid support.
In such a structure, blindly "bottom fishing" is not advisable; perhaps we need to be more patient, observe carefully, and wait for the bearish forces to fully release.
Regarding Bitcoin's short-term trend, the resistance above is quite evident, with $91,600 and $93,400 becoming important testing points for a rebound. If the rebound weakens around these levels, the market may choose to move downward again.
The key support zones below are in the $86,000 to $85,000 range. If these can hold, it might brew a new round of opportunities; but if even these are lost, a more prudent approach could be to continue observing and wait for clear signs of a trend reversal before making further plans.