Looking at the recent movements, Bitcoin surged to around 905,000 in the morning and faced resistance, then retreated in the afternoon to test the support level at 86,500. Interestingly, the bears seem a bit tired at the lows, and the downward momentum is no longer as fierce. The entire market is oscillating within this range, showing no clear signs of a breakout.
In the evening, my approach is: once the support level is established, there will be an entry opportunity.
**Trading Outlook:**
For Bitcoin, the 86,200 to 86,700 range is a good area for long positions. If you can build a position here, targets are 88,700 and 89,200, with potential to chase up to around 9,000. This level still has a reasonable chance.
The situation for Ethereum (ETH) is similar. Entering around 2,880 to 2,900, with targets near 3,080. The correlation between $BTC and $ETH has been consistent, and the logic aligns.
From the chart, the range-bound pattern won't change in the short term; the key is whether the support can hold. If it holds, continue to go long; if it breaks, then reassess.
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BlockchainRetirementHome
· 8h ago
86500 this support level can't be pushed down anymore, it feels like the bears really have no strength left. Now it's just a matter of whether it can break through the upper boundary of the range.
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MEVvictim
· 8h ago
It's oscillating here again, I'm already tired of watching it.
If the support can't hold, be prepared and don't get caught in a trap.
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TradingNightmare
· 8h ago
It's starting to fluctuate again. I'm too familiar with this routine—every time they say to hold the support and go long, but what happens? A break below and it crashes straight through, breaking the mindset.
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LiquidationWizard
· 8h ago
It's the same old story again, always saying to hold and go long if supported, and if it breaks, then re-evaluate... Isn't that just a "risk warning" before going all in? Haha
The box market really annoys me to death, just looking at it makes me want to give up.
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MEVSandwichMaker
· 8h ago
It's the same old trick again, calling for long positions at low levels. How do I feel like I'm always catching flying knives?
#数字资产市场动态 【Market Technical Summary】
Looking at the recent movements, Bitcoin surged to around 905,000 in the morning and faced resistance, then retreated in the afternoon to test the support level at 86,500. Interestingly, the bears seem a bit tired at the lows, and the downward momentum is no longer as fierce. The entire market is oscillating within this range, showing no clear signs of a breakout.
In the evening, my approach is: once the support level is established, there will be an entry opportunity.
**Trading Outlook:**
For Bitcoin, the 86,200 to 86,700 range is a good area for long positions. If you can build a position here, targets are 88,700 and 89,200, with potential to chase up to around 9,000. This level still has a reasonable chance.
The situation for Ethereum (ETH) is similar. Entering around 2,880 to 2,900, with targets near 3,080. The correlation between $BTC and $ETH has been consistent, and the logic aligns.
From the chart, the range-bound pattern won't change in the short term; the key is whether the support can hold. If it holds, continue to go long; if it breaks, then reassess.