2025-12-02 13:11:09

#BinanceBlockchainWeek Bitcoin is hovering around the 87350 level, stuck at a high point since the rebound from 83700. The pressure at the 87640 position is quite strong, and it has failed to break through after several attempts, with the momentum of the rebound clearly weakening.

The MACD shows some signs of recovery, but the trading volume is really weak. Is it going to break through? Difficult. The overall stance is bearish, and after a rise, it is likely to fall back down.

The trading idea is to focus on shorting at high levels. You can try shorting lightly in the range of 87500 to 87650, with the initial target set at 86500-86800. If it breaks below, then look for 85800-86000. Unless it can stabilize above 87800-88000, the short-term weak trend cannot be changed, and any rebound could be a trap for the bulls. The medium-term bearish logic is still in place, and rebounds provide opportunities to short. In the short term, remember to enter and exit quickly, don't get too attached.

That being said, when can we really find the right time to enter the market? It's a bit of a dilemma.
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Deconstructionist

· 12-05 13:02

That 87640 barrier is really tough, it feels like it's being firmly suppressed, extremely weak.

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InscriptionGriller

· 12-04 07:22

The 87640 resistance level—I've seen this happen too many times. If the trading volume doesn't follow through, no matter how fierce the rebound is, it's just a paper tiger. Don't get lured into a bull trap and end up getting cut.

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NFTRegretful

· 12-03 17:45

The 87640 resistance level really can’t be broken after repeated attempts, and it’s frustrating to watch. But with such obvious bearish signals this time, why are you still hesitating about the entry timing?

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GasFeeGazer

· 12-02 13:40

87640 This hurdle is really stuck, repeated attempts have no hope, I see that short positions are indeed taking the initiative. Only when a massive volume comes in do they dare to chase. This person's thinking is not wrong, but I feel that calling it a bull trap is a bit excessive.

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GasFeeCrier

· 12-02 13:36

The resistance level at 87650 is so strong, it seems we need to pull back... With such disappointing trading volume, wanting to break through is really just a dream.

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TopEscapeArtist

· 12-02 13:30

The resistance level of 87640 has been tested three or four times without breaking. This time, the technical indicators are really signaling something. The MACD is recovering, but the Trading Volume is plunging, which clearly indicates a pump and dump scenario.

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NullWhisperer