Bitcoin's recent trend is quite solid. From 89k to 92k, the market has been consolidating for several days. On the 4-hour chart, it retested the previous breakout level, which provided support, and the main force's support actions are quite evident. Those who chased the high earlier and got trapped are gradually being absorbed, and selling pressure is weakening.



Currently, the price is at 91,084. From a bullish perspective, as long as it remains above this support, there is still room for upward movement. However, risk management in trading is the most important—set a stop-loss at three times the 4-hour support level. If it falls below 89,500, you should exit decisively and not be greedy. No matter how good the market is, you need to survive to trade another day.
BTC0,03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
RugPullProphetvip
· 18h ago
89.5 is a critical resistance level. If it breaks, we're out. Nothing more to say about it.
View OriginalReply0
Ser_This_Is_A_Casinovip
· 01-09 19:30
It's so obvious that they're supporting the market; are the major players stacking blocks?
View OriginalReply0
ImpermanentSagevip
· 01-09 01:57
89.5 is really the threshold that must be held, otherwise the previous rebound will be in vain.
View OriginalReply0
VirtualRichDreamvip
· 01-09 01:47
Once 89.5 is broken, you have to run. No matter how good the market is, you can't recover the principal.
View OriginalReply0
GasFeeCriervip
· 01-09 01:45
I've already drawn that 89.5 line long ago. If it breaks, I'll just leave. Nothing more to say.
View OriginalReply0
LuckyBlindCatvip
· 01-09 01:43
You really have to hold the line at 89,500, or it will all be for nothing.
View OriginalReply0
FUD_Whisperervip
· 01-09 01:41
Line 89.5 really needs to hold, otherwise the previous rebound will be in vain.
View OriginalReply0
MetaDreamervip
· 01-09 01:34
Such obvious market support, and the main players aren't fools. Breaking through 89.5 probably won't be that easy.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)