#美联储重启降息步伐 This Friday's market is really a standoff between bulls and bears. The price action isn't very volatile, with prices seesawing back and forth.
$BTC In the morning, it hit a low of 90,800 and stopped dropping. After that, it fluctuated upwards, reaching around 92,665 at noon before reversing and pulling back. $ETH had a similar pattern, dropping to 3,064 in the early session, holding steady after gathering some momentum, and then rebounding strongly in the afternoon, peaking at 3,192.
Looking at the daily chart, bulls and bears are still tugging at each other. The price is testing above 93,000 again. Although it hasn't broken through completely, this resistance level has been tested repeatedly. Now, the market obviously has a bullish bias. The short-term structure is clear—an upward trend with each low higher than the previous one, and the highs holding steady. In the short term, keep a close eye on the key resistance at 93,500.
Bears are clearly losing control now, and bulls are taking more initiative. If the 92,000 level holds, there's a high probability of another upward move. Don't forget one rule: when the same resistance is tested repeatedly, it doesn't necessarily get harder to break; instead, the pressure is being absorbed, and the likelihood of a breakout increases.
Here's an operational reference: $BTC Consider going long around 91,500-92,000, targeting 93,500 $ETH Set up long positions in the 3,120-3,150 range, targeting 3,250
Of course, manage your own pace and control your position size.
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ServantOfSatoshi
· 12-05 08:51
The 93,500 level has been repeatedly tested; the resistance will eventually break. The bulls really have the upper hand this round.
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BearMarketBuilder
· 12-05 08:43
Can 93,500 really be broken? I feel like it’s going to test it several times again.
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IntrovertMetaverse
· 12-05 08:35
Can't break through 93500, this resistance level is really strong. Feels like it's going to reverse again.
#美联储重启降息步伐 This Friday's market is really a standoff between bulls and bears. The price action isn't very volatile, with prices seesawing back and forth.
$BTC In the morning, it hit a low of 90,800 and stopped dropping. After that, it fluctuated upwards, reaching around 92,665 at noon before reversing and pulling back. $ETH had a similar pattern, dropping to 3,064 in the early session, holding steady after gathering some momentum, and then rebounding strongly in the afternoon, peaking at 3,192.
Looking at the daily chart, bulls and bears are still tugging at each other. The price is testing above 93,000 again. Although it hasn't broken through completely, this resistance level has been tested repeatedly. Now, the market obviously has a bullish bias. The short-term structure is clear—an upward trend with each low higher than the previous one, and the highs holding steady. In the short term, keep a close eye on the key resistance at 93,500.
Bears are clearly losing control now, and bulls are taking more initiative. If the 92,000 level holds, there's a high probability of another upward move. Don't forget one rule: when the same resistance is tested repeatedly, it doesn't necessarily get harder to break; instead, the pressure is being absorbed, and the likelihood of a breakout increases.
Here's an operational reference:
$BTC Consider going long around 91,500-92,000, targeting 93,500
$ETH Set up long positions in the 3,120-3,150 range, targeting 3,250
Of course, manage your own pace and control your position size.