Bitcoin continued its high-level consolidation yesterday, reaching around 88,000 during the session before facing resistance and pulling back. Currently, it is oscillating around the 87,800 level. From a technical perspective, the hourly chart has just completed a rebound correction, with resistance still present in the upper band area, and there is a lack of effective breakout signals. Over the weekend, news was relatively calm, and market volatility was noticeably limited. This point may be suitable for rest and adjustment, building momentum for the subsequent trend.
For short-term trading ideas on BTC: On Sunday night, look for long opportunities in the 86,900-87,500 range, targeting around 88,400-89,200. The battle between bulls and bears within this range is quite intense, requiring close attention to trading volume and the external impact after the US market opens.
Market risks are always present. Conservative traders often know how to patiently wait during oscillations. Do not rush or be anxious; using time to confirm the trend is the key to long-term survival.
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PumpingCroissant
· 12h ago
To be honest, this volatility is really annoying. The 88,000 level just can't be broken through.
Let's wait and see when the US market opens; during weekends, this kind of market condition can't be traded.
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GasWastingMaximalist
· 12h ago
It's the same old story... If it can't break 88,000, then they start talking about accumulation. It's really getting annoying.
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RiddleMaster
· 12h ago
Still fluctuating, feeling stifled. We still have to wait for this market to continue.
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GasFeeCrier
· 12h ago
Fooling around on the weekend, trading back and forth at 8.78, so annoying.
Bitcoin continued its high-level consolidation yesterday, reaching around 88,000 during the session before facing resistance and pulling back. Currently, it is oscillating around the 87,800 level. From a technical perspective, the hourly chart has just completed a rebound correction, with resistance still present in the upper band area, and there is a lack of effective breakout signals. Over the weekend, news was relatively calm, and market volatility was noticeably limited. This point may be suitable for rest and adjustment, building momentum for the subsequent trend.
For short-term trading ideas on BTC: On Sunday night, look for long opportunities in the 86,900-87,500 range, targeting around 88,400-89,200. The battle between bulls and bears within this range is quite intense, requiring close attention to trading volume and the external impact after the US market opens.
Market risks are always present. Conservative traders often know how to patiently wait during oscillations. Do not rush or be anxious; using time to confirm the trend is the key to long-term survival.