BTC is repeatedly oscillating around 88,100, seeming unable to go higher or lower, but there are hidden secrets behind this standoff.



To be honest, the short-term bulls have already lost much strength. Where is the problem? They can't hold steady at key levels. The 90,406 level acts like a ceiling, firmly pressing down on the price. Every time the price tries to push above 88,100, the 89,000 level is tested multiple times but fails to break through. This phenomenon can only indicate one thing—buying momentum is exhausted.

The technical indicators are also not supportive. Although the MACD histogram still exists, it looks weak and feeble, as if the bulls are full of energy but lack the strength. More importantly, volume has been shrinking recently—there are no more momentum chasers. Can this small volume push the price higher? That's simply unrealistic.

Looking back at the decline from 90,406 to 86,806, it was a genuine volume-driven drop, indicating that the bears were prepared. Now, this rebound? It hasn't even recovered half of the retracement, clearly a weak rebound pattern.

How to operate? Wait until the rebound reaches the 88,800-89,000 price zone, then gradually open short positions. Some ask why not wait for a higher level? Very simple—above 89,000 are all trapped orders, and the main players won't be so kind.

Set your stop-loss above 90,200. Once this level is broken, the previous downtrend structure could be destroyed, and you should exit immediately.

What’s the target? First, look at around 87,000, which is the lower boundary of the previous consolidation zone. If it breaks here, then aim for 86,000.

One last piece of advice: position management is always the top priority. It’s recommended that a single position does not exceed 5% of your capital, and don’t use too high leverage. The crypto market is full of uncertainties, so setting a proper stop-loss is your lifeline. Staying alive is much more important than getting rich quickly. Be patient, wait for signals, and execute strictly—only then can we share a piece of the pie in this market wave.
BTC1.03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
CoffeeNFTradervip
· 9h ago
The 88,100 level has been really frustrating for a long time. It feels like the bulls are out of energy, and the 89,000 barrier is too strong.
View OriginalReply0
SerumSqueezervip
· 9h ago
The 88100 level is really dead; I'm tired of it. Every time it's a false breakout. With such weak volume, how can it possibly go up?
View OriginalReply0
AirdropHunter420vip
· 9h ago
89,000 has been tested again? Honestly, I'm tired of this ceiling. The trading volume is shrinking rapidly, and the bulls really have no chance.
View OriginalReply0
ProbablyNothingvip
· 9h ago
The 88100 level is really stuck; the bulls probably have no chance anymore.
View OriginalReply0
FUD_Vaccinatedvip
· 10h ago
The 88,100 level has been stuck for so long, indicating that the bulls really have no momentum left, and the trading volume has dried up. This rebound can't turn the tide at all.
View OriginalReply0
RetroHodler91vip
· 10h ago
89000 is really a ghost level. Tried so many times but couldn't get it up. Feels like this time it's really going down.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)