Looking at Bitcoin's daily K-line performance, three consecutive bullish candles have broken through upward, effectively surpassing the 90,000 mark and the 30-day moving average. From a trend perspective, there are signs of further strengthening. However, on the other hand, there is still the 60-day moving average pressing down above, and the MACD indicator has not yet fully crossed the zero line, so in the short term, we should focus on the 92,000 resistance level—that's where the 60-day moving average is located.
It is recommended not to greedily chase the rally up there. It’s easy for prices to spike and then fall back, which could lead to being trapped. If you want to catch the bottom, a more prudent approach is to wait for a pullback to around 88,000 or even lower, then build positions gradually. Although this approach is slower, it offers better risk control.
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TokenVelocityTrauma
· 20h ago
It seems like the 92,000 level is always stuck, and I don't dare to push...
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MEVSandwichMaker
· 20h ago
That level at 92,000 really can't hold, I've seen through it long ago. It's better to wait for a pullback to 88K before jumping in for a safer entry.
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TommyTeacher
· 20h ago
The 92,000 level is indeed quite tough; I still think waiting for a pullback is more reassuring.
Looking at Bitcoin's daily K-line performance, three consecutive bullish candles have broken through upward, effectively surpassing the 90,000 mark and the 30-day moving average. From a trend perspective, there are signs of further strengthening. However, on the other hand, there is still the 60-day moving average pressing down above, and the MACD indicator has not yet fully crossed the zero line, so in the short term, we should focus on the 92,000 resistance level—that's where the 60-day moving average is located.
It is recommended not to greedily chase the rally up there. It’s easy for prices to spike and then fall back, which could lead to being trapped. If you want to catch the bottom, a more prudent approach is to wait for a pullback to around 88,000 or even lower, then build positions gradually. Although this approach is slower, it offers better risk control.