The key support level for Bitcoin has not been broken. It rebounded after dropping to 87,000 yesterday, indicating that the 87,000 to 88,000 range is indeed a strong support (the 20-month moving average line is also at this level). Not breaking below this suggests a signal of a bullish counterattack. The probability of a downward break is actually quite low.
From the 4-hour chart, Bitcoin has now stabilized above the 90,000 mark. As long as there is no significant pullback, there is still room to push higher. The selling pressure has noticeably weakened in recent days.
Regarding price levels, Bitcoin can be bullish around 87,000 to 86,500, with the first target around 88,000, and the second target aiming for around 91,000.
For Ethereum, look for bullish signals around 2,890 to 2,910, with the target range extended to 2,950 to 3,250.
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ZenMiner
· 01-06 03:53
That 87,000 support level is really solid; it bounced right back when it was hit yesterday, showing strong support.
At first, I was worried it would keep falling, but now that 90,000 has stabilized, I feel much more at ease.
This wave with ETH from 2890 is really satisfying; the target of 3250 still feels quite achievable.
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SandwichDetector
· 01-03 18:57
87000 is indeed a tough hurdle. The rebound signals are quite clear.
Once it stabilizes at 90000, push upward. This wave looks promising.
The second pancake is a bit lagging behind the main pancake's rhythm.
It feels like the selling pressure has indeed decreased, but I'm just worried about a sudden black swan.
However, from a technical perspective, this approach is still quite reliable.
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BlockDetective
· 01-03 04:55
87,000 is a really tough barrier; a rebound would be the end of it.
If you don't want to see a breakdown, the bulls should wake up now.
Once it stabilizes at 90,000, let's see if it can push higher.
The signal of decreasing selling pressure looks good; continue to observe.
Can the second pancake reach 3,000 this time? Feels a bit虚.
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OffchainWinner
· 01-03 04:47
87,000 can't be broken, this is the bottom, brother
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Again with this theory, let's see if it can avoid breaking this time
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Strong support? Uh... I said the same thing last time
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Stabilizing at 90,000 is indeed good, keep pushing to see
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Targeting 3,250 for the second rally might be a bit optimistic
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Bullish reversal signal? Why do I still feel a bit anxious
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Weakening sell-offs make this signal reliable
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Buy one lot at 86,500 to test the waters
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If 88,000 breaks, then talk about strong support
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Feels like this wave can reach 91,000
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CryptoComedian
· 01-03 04:38
The 87,000 hurdle hasn't been broken, so the bulls still have a chance. I'm just worried that this rebound is fake, and when I chase the long, they'll hit me with a counterattack haha
Today's trading ideas are here—
The key support level for Bitcoin has not been broken. It rebounded after dropping to 87,000 yesterday, indicating that the 87,000 to 88,000 range is indeed a strong support (the 20-month moving average line is also at this level). Not breaking below this suggests a signal of a bullish counterattack. The probability of a downward break is actually quite low.
From the 4-hour chart, Bitcoin has now stabilized above the 90,000 mark. As long as there is no significant pullback, there is still room to push higher. The selling pressure has noticeably weakened in recent days.
Regarding price levels, Bitcoin can be bullish around 87,000 to 86,500, with the first target around 88,000, and the second target aiming for around 91,000.
For Ethereum, look for bullish signals around 2,890 to 2,910, with the target range extended to 2,950 to 3,250.