Bitcoin is currently at a delicate juncture — just shy of breaking through the 90,600 USD level with increased volume. The term "delicate" is used for a reason; technically, the outlook looks decent, the downward trendline has indeed been broken, and there hasn't been a quick rebound, which is a somewhat positive signal. But the obvious issue remains — trading volume isn't strong enough, and with Nasdaq not yet open, the current movement is somewhat confusing.
Right now, Nasdaq futures are showing a decline, which looks a bit intimidating, but if you look closely at recent patterns, there are often pre-market dips followed by significant reversals after the open. Last Monday was a vivid example, with Bitcoin also experiencing a surge with high volume at that time. This pattern can indeed give traders some expectations.
In terms of trading strategy, the safest approach is to wait. Wait until Nasdaq opens and observe then. The key is to see whether Bitcoin can, on the 1-hour chart, successfully break through the 90,600 USD level with sufficient volume. If at that time the volume and pattern align, it would be a clearer signal to participate. Until those conditions are met, it's better to stay cautious and not act prematurely. There are plenty of market opportunities, no need to rush.
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GateUser-a606bf0c
· 14h ago
Damn, it's that 90,000 hurdle again. When will we truly break through?
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If the volume isn't enough, don't get excited prematurely. Wait until the Nasdaq opens before making moves.
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The pattern of dropping before the open and rising after is one I've been caught in before. Better to stay on the sidelines.
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Ladies, don't rush. Wait for the 1-hour volume breakout before jumping in. It's safer.
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This wave is really confusing, feels like a smoke screen.
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Wait for the opening. If it doesn't work, keep waiting. Anyway, you can't run away.
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Volume is the key. Without volume, all technical analysis is useless.
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I missed the bottom last Monday, really lost out. This time, I need to be more cautious.
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Subtle? I think it's just a trick to lure people in.
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Observe first, act later. That's the tactic of seasoned traders.
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AllInDaddy
· 14h ago
If you can't keep up, don't mess around. Wait until the Nasdaq opens to see.
View OriginalReply0
MissingSats
· 14h ago
Waiting for the Nasdaq to open, this wave really depends on trading volume.
View OriginalReply0
BlockchainArchaeologist
· 14h ago
The lack of volume is really frustrating. Let's wait and see when Nasdaq opens.
Bitcoin is currently at a delicate juncture — just shy of breaking through the 90,600 USD level with increased volume. The term "delicate" is used for a reason; technically, the outlook looks decent, the downward trendline has indeed been broken, and there hasn't been a quick rebound, which is a somewhat positive signal. But the obvious issue remains — trading volume isn't strong enough, and with Nasdaq not yet open, the current movement is somewhat confusing.
Right now, Nasdaq futures are showing a decline, which looks a bit intimidating, but if you look closely at recent patterns, there are often pre-market dips followed by significant reversals after the open. Last Monday was a vivid example, with Bitcoin also experiencing a surge with high volume at that time. This pattern can indeed give traders some expectations.
In terms of trading strategy, the safest approach is to wait. Wait until Nasdaq opens and observe then. The key is to see whether Bitcoin can, on the 1-hour chart, successfully break through the 90,600 USD level with sufficient volume. If at that time the volume and pattern align, it would be a clearer signal to participate. Until those conditions are met, it's better to stay cautious and not act prematurely. There are plenty of market opportunities, no need to rush.