Early morning market surged to a high of 91,200 USD before stopping and pulling back, now dropping to around 90,175 USD. This resistance clearly forms a short-term resistance level, indicating that bullish momentum is weakening and selling pressure is emerging.
Currently, the price is hovering above the key psychological and technical support at 90,000 USD. This level is crucial; if it is effectively broken downward, it will confirm a short-term top structure, opening the way for further downside, with the next target in the 89,300-89,500 region.
Therefore, the overall strategy this morning should focus on shorting. Pay attention to signs of resistance when the price rebounds to the 90,500-90,800 region to consider entering positions, with strict stop-loss set above 91,200. The primary target is the 90,000 level; if broken downward, hold for support at 89,000. #GateFun马勒戈币暴涨1251.09% $BTC
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Early morning market surged to a high of 91,200 USD before stopping and pulling back, now dropping to around 90,175 USD. This resistance clearly forms a short-term resistance level, indicating that bullish momentum is weakening and selling pressure is emerging.
Currently, the price is hovering above the key psychological and technical support at 90,000 USD. This level is crucial; if it is effectively broken downward, it will confirm a short-term top structure, opening the way for further downside, with the next target in the 89,300-89,500 region.
Therefore, the overall strategy this morning should focus on shorting. Pay attention to signs of resistance when the price rebounds to the 90,500-90,800 region to consider entering positions, with strict stop-loss set above 91,200. The primary target is the 90,000 level; if broken downward, hold for support at 89,000. #GateFun马勒戈币暴涨1251.09% $BTC