The recent heat in the Bitcoin market continues to rise, with liquidity significantly increasing, which usually indicates that upward momentum is accumulating. From a technical perspective, the rebound trend remains solid, but caution is needed for potential bearish traps—these traps often appear near key support levels, attempting to trigger stop-losses. The current bullish dominance is quite evident, and market participants should remain patient, waiting for the right entry point. Blindly shorting can easily lead to pitfalls.
Market sentiment is mixed; on one hand, FOMO-driven buying is pushing prices up, while on the other hand, cautiousness is reminding traders of the risks. In this environment, disciplined trading becomes especially crucial.
From a data perspective, Bitcoin's current price is around 89,853.5 USDT. The support system is relatively complete, with the nearest support at 88,134.9 USDT. Looking more broadly, the range from 87,189.2 to 88,401.2 USDT forms a support zone, which is the area to consider for positioning. On the resistance side, 90,945.1 USDT constitutes a key pressure point that requires close attention; additionally, the range from 88,065.0 to 89,900.0 USDT is also a resistance zone to watch.
In practical trading, consider placing buy orders near support levels, but be sure to execute stop-losses if the support is broken—this is the fundamental risk management principle.
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GateUser-ccc36bc5
· 11h ago
The term "short trap" has become so tired to hear; every time it's said, the market still crashes.
That support level with all those numbers, honestly I don't understand what use it has, might as well just watch the market sentiment.
FOMO really is the devil, everyone is buying and I follow along with a full stake, now I'm trapped.
I've memorized the support level at 88134, I'll see how it goes later.
Discipline in trading is easy to talk about, but when it comes to actually trading, I panic early.
There are really many traps, everyone who has shorted knows.
That barrier at 90945 feels very risky.
Stop-loss is easy to say, but when it comes to execution, it hurts so much.
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GateUser-afe07a92
· 11h ago
Short trap really annoying, always happening at the support level
Think it's safer to wait until 87189 to get in
FOMO really harms people, disciplined trading is the way to go
90945 probably can't break through and will still oscillate
89853 feels like it will take a while to settle
The bullish pattern is indeed obvious, but I still feel uneasy
Stop-loss must be set properly, don't ask me why
Once 88134 breaks, it's time to clear the position, can't gamble
The market now has all kinds of emotions, too chaotic
Support looks solid, but I don't know how long it can hold
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UncleWhale
· 11h ago
Short trap? Bro, I've been fooled before, so I'll just watch and wait this time.
The recent heat in the Bitcoin market continues to rise, with liquidity significantly increasing, which usually indicates that upward momentum is accumulating. From a technical perspective, the rebound trend remains solid, but caution is needed for potential bearish traps—these traps often appear near key support levels, attempting to trigger stop-losses. The current bullish dominance is quite evident, and market participants should remain patient, waiting for the right entry point. Blindly shorting can easily lead to pitfalls.
Market sentiment is mixed; on one hand, FOMO-driven buying is pushing prices up, while on the other hand, cautiousness is reminding traders of the risks. In this environment, disciplined trading becomes especially crucial.
From a data perspective, Bitcoin's current price is around 89,853.5 USDT. The support system is relatively complete, with the nearest support at 88,134.9 USDT. Looking more broadly, the range from 87,189.2 to 88,401.2 USDT forms a support zone, which is the area to consider for positioning. On the resistance side, 90,945.1 USDT constitutes a key pressure point that requires close attention; additionally, the range from 88,065.0 to 89,900.0 USDT is also a resistance zone to watch.
In practical trading, consider placing buy orders near support levels, but be sure to execute stop-losses if the support is broken—this is the fundamental risk management principle.