Bitcoin has recently shown a pattern of weak decline followed by a quick rebound, with the support level at around 89,000 holding quite well. In the short term, traders during the Asian and European trading sessions can focus on around 92,000, as the resistance in this area is quite evident. Consider shorting on rallies near that level.



Let's look at the specific price distribution: mainstream coins are fluctuating between 9.18 and 9.23, while altcoins are roughly in the range of 3160 to 3200. If there is a pullback, the main focus for mainstream coins will be on the support between 89,000 and 89,500, and altcoins will also perform accordingly. Overall, this is a typical pattern of high-level resistance and low-level support, characterized by oscillation. There is still room for error in short-term operations.
BTC3,25%
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
  • 6
  • Repost
  • Share
Comment
0/400
GateUser-9ad11037vip
· 01-11 13:38
The support at 89,000 units is indeed solid; now it's just a matter of whether it can hold. I'm worried that a single large bearish candle could break it directly.
View OriginalReply0
MercilessHalalvip
· 01-11 03:14
89,000 held firm; if we don't break through this time, we'll have to test the 92,000 resistance.
View OriginalReply0
MissedAirdropAgainvip
· 01-09 01:58
89,000 is stuck again and firmly held. This support level is really strong, indicating that the main force doesn't intend to push it down.
View OriginalReply0
CryptoSourGrapevip
· 01-09 01:56
If I had bought in at the bottom at 8.9 earlier, I wouldn't have to listen to this rhetoric anymore. Now, whatever they say is pointless.
View OriginalReply0
BasementAlchemistvip
· 01-09 01:55
89,000 managed to hold on, but the 92,000 barrier still looks quite fierce. The opportunity to short has arrived.
View OriginalReply0
DYORMastervip
· 01-09 01:31
89,000 support levels are a narrow escape; another washout is needed before breaking 9.2, right?
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)