Bitcoin remains volatile with a sideways correction pattern during the day, the short-term direction is unclear. Night trading should focus on finding low points to go long, paying close attention to breakouts of support and resistance levels.
**Where are the low-entry opportunities?**
The key support at midnight is between 89,200 and 88,300, which perfectly coincides with the important 4-hour support level and is also close to the previous rally's starting point, making a bottom-fishing signal quite obvious. Once the price dips into this range and stabilizes, consider entering long positions, with stop-loss set below the support level for manageable risk. The hourly RSI is approaching oversold levels, and the downward momentum is nearly exhausted, so establishing long positions now is quite advantageous.
**How to view the rebound?**
The first resistance level is at 90,500, which is the dividing line for recent consolidation. If it is broken, the upward space opens up to the 91,600-92,200 range. This zone corresponds to previous resistance and is near moving averages, so volume confirmation is necessary. Before breaking 90,500, be cautious of insufficient rebound strength leading to a downward move.
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DefiOldTrickster
· 23h ago
I've been watching this line at 89,200 for a while. I'm just waiting for it to drop. The arbitrage opportunity isn't small. In previous bear markets, this point has been about repeatedly capturing the price difference.
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BoredWatcher
· 01-08 17:04
I've already placed an order at the 89200 level and am waiting. If it doesn't hold this time, I'll admit defeat.
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CompoundPersonality
· 01-08 17:04
Will the 89200 level really hold? It feels like a pattern of constantly falling below it.
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Blockblind
· 01-08 17:04
The 88,300 level is indeed attractive, but breaking through 90,500 is all in vain.
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ImpermanentPhobia
· 01-08 17:03
Will 88300 hold this time? It feels like it's going to drop again.
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JustAnotherWallet
· 01-08 17:02
88300, this key level must be closely watched, betting on whether it can hold steady.
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JustHereForMemes
· 01-08 16:56
The 88,300 level is back again; it feels like a habit to see it fall.
Bitcoin remains volatile with a sideways correction pattern during the day, the short-term direction is unclear. Night trading should focus on finding low points to go long, paying close attention to breakouts of support and resistance levels.
**Where are the low-entry opportunities?**
The key support at midnight is between 89,200 and 88,300, which perfectly coincides with the important 4-hour support level and is also close to the previous rally's starting point, making a bottom-fishing signal quite obvious. Once the price dips into this range and stabilizes, consider entering long positions, with stop-loss set below the support level for manageable risk. The hourly RSI is approaching oversold levels, and the downward momentum is nearly exhausted, so establishing long positions now is quite advantageous.
**How to view the rebound?**
The first resistance level is at 90,500, which is the dividing line for recent consolidation. If it is broken, the upward space opens up to the 91,600-92,200 range. This zone corresponds to previous resistance and is near moving averages, so volume confirmation is necessary. Before breaking 90,500, be cautious of insufficient rebound strength leading to a downward move.