Yesterday, when the market retraced to the 89000-89500 range, the support appeared particularly solid. This level itself is the lower boundary of the dense band of 4-hour moving averages, and the midline of recent oscillations is also here, touching multiple times without breaking below.
From the perspective of buy-side support, there is still quite strong buying strength. By the afternoon, the market stabilized and rebounded, and now it has regained above 89800. This re-attack signal is already quite clear.
If operating from this angle, you can focus on a few directions: look for opportunities for Bitcoin between 89000-89500, targeting 91000; for Ethereum, consider positioning between 3050-3070, aiming at the 3180 resistance level. The specific approach still depends on your risk tolerance.
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GasFeeVictim
· 01-06 10:35
89000 is really holding strong; it seems like someone is really guarding it.
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ReverseFOMOguy
· 01-03 12:53
The 89,000 level, retail investors are all waiting for it. I bet the market makers can't break it.
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PaperHandsCriminal
· 01-03 12:49
It's that damn support again... I trusted it last time and got smashed through. Now seeing the dense moving average bands just makes me want to laugh.
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quiet_lurker
· 01-03 12:33
89000 this key support level indeed hasn't broken, so the bulls still have some strength.
It looks like they want to push towards 91000, but be careful of the resistance above.
Entering Ethereum at 3050 feels pretty good, but you really need to manage the risk yourself.
Can this rebound hold? It's a bit uncertain.
I've heard the term "consolidation zone of moving averages" several times, is it really reliable?
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AirdropATM
· 01-03 12:32
89500 is really a solid barrier; numerous attempts to break through have failed.
It seems that there is still significant capital supporting the market.
But you still need to be cautious. If there's a rebound, let it rebound. Don't be greedy and chase all the way to 91000.
I'm optimistic about the 3050 Ethereum setup point, but I'm just worried it might be a false breakout.
Yesterday, when the market retraced to the 89000-89500 range, the support appeared particularly solid. This level itself is the lower boundary of the dense band of 4-hour moving averages, and the midline of recent oscillations is also here, touching multiple times without breaking below.
From the perspective of buy-side support, there is still quite strong buying strength. By the afternoon, the market stabilized and rebounded, and now it has regained above 89800. This re-attack signal is already quite clear.
If operating from this angle, you can focus on a few directions: look for opportunities for Bitcoin between 89000-89500, targeting 91000; for Ethereum, consider positioning between 3050-3070, aiming at the 3180 resistance level. The specific approach still depends on your risk tolerance.