In this recent market trend, both bulls and bears have been repeatedly squeezed, and many people have probably taken losses. If you take a calm look at the market, the rhythms of long, medium, and short-term trends are completely different. Blindly chasing gains or cutting losses will always hurt yourself.
Current Situation:
The price is hovering around 91k, and the candlestick pattern shows obvious downward pressure. In the short term, the key support is right at the 90k round number level.
Bullish Strategy: You can try a small position around 91k, but be sure to set your stop loss at 89k. If it breaks below, cut your losses decisively—don’t count on luck. If the price tests the lower level multiple times without breaking, keep observing, with a target near 96k.
Bearish Strategy: Shorting at the current price is not ideal; a better entry is above the 94k resistance level. If the price repeatedly fails to break through this level, consider a small position, setting your stop loss at 96k and targeting 88k. If it breaks below, you can continue to hold and watch for further moves.
The market changes rapidly, so always consider your own risk tolerance before entering. If you have questions, leave a comment and I’ll do my best to reply.
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StrawberryIce
· 7h ago
If 90k is broken, it will be troublesome. I don't dare to go heavy now.
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MoonRocketTeam
· 10h ago
Yeah, it's the same old 89k-96k channel again. This round of boosters needs the Fed's rate cuts to ignite.
What to do if the 90k mark is breached? Feels like the control room is still fine-tuning the parameters.
Light positions for testing the waters are fine, but don't get greedy—dopamine can be deadly.
This market feels like the calm before a rocket launch, that sense of an impending storm. I'm choosing to stay in the cabin for now.
Seriously, chasing highs and selling lows is like pulling out your own parachute. Wake up, everyone.
View OriginalReply0
MelonField
· 12-05 19:22
It's the same old story again. When 89k was broken, so many people sold at a loss, and now they're all regretting it.
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ApyWhisperer
· 12-04 20:35
Oh my, it's 91k again. I'm so tired of seeing this number. Do I still have to keep watching?
View OriginalReply0
Degentleman
· 12-04 20:33
Whether 90k breaks or not is the key—if it breaks, it will head straight to 88k.
View OriginalReply0
ChainMelonWatcher
· 12-04 20:32
Another round of technical analysis to fleece retail investors. If 91k can't be broken, we'll just have to keep watching the show.
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GateUser-26d7f434
· 12-04 20:27
It's time to harvest the newbies again. If 89k doesn't break, I'll just keep lying flat.
#美联储重启降息步伐 $BTC Late Night Market Observation
In this recent market trend, both bulls and bears have been repeatedly squeezed, and many people have probably taken losses. If you take a calm look at the market, the rhythms of long, medium, and short-term trends are completely different. Blindly chasing gains or cutting losses will always hurt yourself.
Current Situation:
The price is hovering around 91k, and the candlestick pattern shows obvious downward pressure. In the short term, the key support is right at the 90k round number level.
Bullish Strategy:
You can try a small position around 91k, but be sure to set your stop loss at 89k. If it breaks below, cut your losses decisively—don’t count on luck. If the price tests the lower level multiple times without breaking, keep observing, with a target near 96k.
Bearish Strategy:
Shorting at the current price is not ideal; a better entry is above the 94k resistance level. If the price repeatedly fails to break through this level, consider a small position, setting your stop loss at 96k and targeting 88k. If it breaks below, you can continue to hold and watch for further moves.
The market changes rapidly, so always consider your own risk tolerance before entering. If you have questions, leave a comment and I’ll do my best to reply.