BTC has shown several points of interest on the daily chart. Three consecutive bullish candles have pushed the price up, effectively breaking through the $90,000 mark and the MA30 moving average. This signals that the short-term upward momentum is continuing. However, don’t get too excited too early; the MA60 moving average above has formed a clear resistance, and the MACD indicator has not yet fully crossed above the zero line, indicating that the upward trend still needs further confirmation.
In the short term, focus on the 92,000 level, which is the resistance zone at the MA60. When approaching this price, avoid blindly chasing the rally, as the risk of a pullback after a surge should not be underestimated. The real buying opportunity should come after a correction. If BTC drops back to around 88,000 or even lower, that would be a more prudent entry point. Building positions gradually is more reliable, and there’s no need to rush; market opportunities will always be available.
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SquidTeacher
· 21h ago
92000 is indeed a tough level; I'm also waiting for a pullback, no rush.
88,000 is my target price; chasing high now just makes you the bag holder.
Building positions gradually is the right approach; don't be blinded by short-term surges.
Daring to chase before MACD stabilizes shows how inflated your mindset is.
Honestly, this wave of increase has been a bit fast; a correction is only a matter of time.
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SchrodingerProfit
· 21h ago
You really need to be careful at this level 92,000; it's easy to get hit in this position every time. I'll wait until it returns to around 88K before taking action. Why rush?
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RugPullAlertBot
· 21h ago
The 92,000 level must be respected. The MACD is still hesitating, but I think waiting until around 88,000 to act wouldn't be a loss.
BTC has shown several points of interest on the daily chart. Three consecutive bullish candles have pushed the price up, effectively breaking through the $90,000 mark and the MA30 moving average. This signals that the short-term upward momentum is continuing. However, don’t get too excited too early; the MA60 moving average above has formed a clear resistance, and the MACD indicator has not yet fully crossed above the zero line, indicating that the upward trend still needs further confirmation.
In the short term, focus on the 92,000 level, which is the resistance zone at the MA60. When approaching this price, avoid blindly chasing the rally, as the risk of a pullback after a surge should not be underestimated. The real buying opportunity should come after a correction. If BTC drops back to around 88,000 or even lower, that would be a more prudent entry point. Building positions gradually is more reliable, and there’s no need to rush; market opportunities will always be available.