It's a bit regrettable to have missed the entry opportunity this morning. In the afternoon, I followed up with a light short position around 90200 during the live broadcast, aiming for the 89200 zone. The market movement near the target level basically met expectations, which can also be considered a good confirmation.



The interesting part is that Bitcoin's rebound from here is quite fierce. The area around 89200 repeatedly appears, similar to last Saturday's trend—always gathering strength here before surging. Whether it will consolidate around 89200 before continuing to rebound or if there's another deeper meaning, it's too early to draw conclusions.

For now, I'll mainly observe and wait for the market signals in the late night. Tomorrow's bullish or bearish strategy will be decided once the trend becomes clearer; there's no need to rush into a direction. Anyway, technical analysis is like that—it requires time and price action to verify.
BTC0,08%
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
  • 8
  • Repost
  • Share
Comment
0/400
TradingNightmarevip
· 18h ago
89200 is indeed an interesting level. The repeated buildup feels quite uncomfortable to watch.
View OriginalReply0
SelfCustodyBrovip
· 01-09 09:45
89200, this critical level is being repeatedly tested, it feels like a big move is really coming.
View OriginalReply0
MoonBoi42vip
· 01-08 16:46
89200 is indeed a strange level; the repeated buildup suggests something big might be coming next.
View OriginalReply0
BearMarketSurvivorvip
· 01-08 16:45
89200 is indeed an interesting level. Repeated confirmation is just testing the bottom's resolve.
View OriginalReply0
ApeWithNoFearvip
· 01-08 16:44
89200 at this position is really quite addictive, the feeling of repeatedly squatting.
View OriginalReply0
GasOptimizervip
· 01-08 16:33
89200, I still have to wait in this pit. Repeated testing is it trying to build up a big bullish candle?
View OriginalReply0
CountdownToBrokevip
· 01-08 16:29
89200, this threshold is quite interesting; repeatedly testing it is not without reason.
View OriginalReply0
LostBetweenChainsvip
· 01-08 16:29
89200 this level is quite interesting, I have a feeling something is going to happen.
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)