Good afternoon, traders! This market movement is indeed a bit frustrating. Every time there's a rebound to the top, it quickly reverses, and the expected high points are always out of reach. The temperament required is really tough. Bitcoin surged strongly yesterday to over 88,000, then turned weak again. From the small-scale charts, the downward trend still dominates, and the current trading strategy remains a high-short approach—waiting for rebounds to find resistance opportunities.



For those shorting, set your stop-loss at the rebound resistance zone. Now, focus on the key resistance zone between 87,300 and 88,000. As long as the rebound can't effectively break through this level, the smaller timeframes are likely to continue downward. The support targets below are initially anchored around 85,000-84,000.

If you want to position for a long, you can place orders around 80,500 and wait for opportunities; in case the market suddenly gains strength and breaks through 88,000, be alert to resistance around 89,500. #美国就业数据表现强劲超出预期 $ETH
BTC-0.73%
ETH-0.14%
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
  • 7
  • Repost
  • Share
Comment
0/400
Sadinoraizvip
· 14h ago
Ape In 🚀
Reply0
ApeWithAPlanvip
· 17h ago
Damn, it got hammered down again. 88,000 is really just a ceiling.
View OriginalReply0
BearMarketGardenervip
· 12-17 08:23
Oh man, this rebound really almost tricked me into chasing the high every time.
View OriginalReply0
BearHuggervip
· 12-17 08:22
That 88,000 level is really a tough nut to crack; it always acts like it's dead there every time.
View OriginalReply0
GasBankruptervip
· 12-17 08:15
It's really impossible to get past this 88,000 hurdle, so frustrating.
View OriginalReply0
BoredApeResistancevip
· 12-17 08:07
It's the same old trick again. If it can't break 88,000, it'll keep falling. So annoying, really.
View OriginalReply0
NeverPresentvip
· 12-17 07:55
88,000 is really the ceiling; repeatedly hitting it is so annoying. I wonder when it will break through.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)