Bitcoin has recently been drawing that iconic "door" again🚪.
From the current pattern, this wide-range oscillation mode has not yet been broken. BTC is still bouncing between 90,000 and 86,000, and the bottoming process is still ongoing. However, I believe this situation won't last much longer.
A few days ago, a large volume of futures contracts completed delivery, which means the on-chain chip structure is about to undergo a major shift. Once this delivery effect is truly released, the next clear trend direction should soon emerge.
At this point, trading options are quite clear. One is to take a short-term long position on the left side, with a stop-loss if it drops below $87,600; the other, more prudent approach, is to wait patiently until genuine support or resistance levels appear before taking action. Both strategies are understandable; the key is to stick to your trading discipline.
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AirdropHunter
· 8h ago
Drawing doors again, will this time break through or just keep acting?
Let's wait and see the delivery effect, no rush.
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ForkPrince
· 8h ago
Still hesitating, when will this broken door finally break open?
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LiquiditySurfer
· 8h ago
The door is so high, I'll have a martini first, and anyway, the liquidity depth below 86k is right there.
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Blockblind
· 8h ago
Here we go again with this "door" trick. I just want to ask, how long will the fluctuation last until the Year of the Monkey or the Year of the Horse?
Honestly, I'm tired of this "bottoming out" rhetoric. Every time they say a trend is about to emerge, but it just keeps bouncing around 88K, eating up the support repeatedly.
Instead of waiting for some liquidation effect, it's better to honestly stick to your stop-loss points.
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SocialAnxietyStaker
· 8h ago
It's the same position again, too familiar. Every time, I say the breakthrough is near, but it continues to fluctuate.
However, this round of futures delivery is indeed quite intense, so I'll still take a gamble.
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BearMarketSurvivor
· 8h ago
Here we go again. This market trend is really exhausting, with the price bouncing up and down around 88,000, which is quite tiring to watch. I'm also paying attention to the settlement issue; it all depends on who can truly gain the dominant voice next. But to be honest, I think it's still a bit early to enter the market now, so I'll just observe for the time being.
Bitcoin has recently been drawing that iconic "door" again🚪.
From the current pattern, this wide-range oscillation mode has not yet been broken. BTC is still bouncing between 90,000 and 86,000, and the bottoming process is still ongoing. However, I believe this situation won't last much longer.
A few days ago, a large volume of futures contracts completed delivery, which means the on-chain chip structure is about to undergo a major shift. Once this delivery effect is truly released, the next clear trend direction should soon emerge.
At this point, trading options are quite clear. One is to take a short-term long position on the left side, with a stop-loss if it drops below $87,600; the other, more prudent approach, is to wait patiently until genuine support or resistance levels appear before taking action. Both strategies are understandable; the key is to stick to your trading discipline.