#美SEC促进加密资产创新监管框架 In the early morning hours, Bitcoin experienced a thrilling market move! The price briefly touched the key support at $88,000 before quickly rebounding, and is currently seesawing around $89,000. Bulls and bears are locked in a stalemate, with neither side gaining the upper hand.
From a technical perspective: the daily chart shows consecutive low-volume bearish candles—a signal that cannot be ignored. Bears are still controlling the pace, and the rebound momentum is clearly insufficient. A breakout to the upside? That may not be so easy. The 4-hour chart provides an even clearer picture: bears continue to put pressure with increasing volume, and the price is sliding along the lower Bollinger Band, with no sign of a reversal in the bear-dominated pattern for now. On the hourly chart, we see mostly narrow-range oscillations. Given that weekend market volume is usually sluggish, it's highly likely that this sideways grind will continue.
For trading strategy, it’s recommended to continue with a "sell the rallies as the main strategy, buy the dips as a supplement" approach.
Watch the $90,000 psychological level for resistance to the upside, and use $88,000 as flexible defensive support to the downside.
Specific operational reference: If BTC rebounds to the $89,800–$90,600 range, consider setting up short positions, targeting $88,800–$88,000. Remember to set stop-losses to handle the random volatility that often comes with weekend trading!
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RiddleMaster
· 14h ago
If 88k can't hold, we have to run. This round of bears is pretty fierce. Let's keep grinding through the weekend.
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Degentleman
· 14h ago
Dragging on over the weekend, the bears are still hanging tough. Gotta hold the 88000 level, bro.
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ServantOfSatoshi
· 14h ago
88,000 again? This weekend feels like we're stuck here. It seems like it'll keep grinding until next week before anything happens.
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AirdropHunterXM
· 14h ago
88 is seesawing again, this weekend has really been exhausting... Bears still have the upper hand, so I'll continue to stay short.
#美SEC促进加密资产创新监管框架 In the early morning hours, Bitcoin experienced a thrilling market move! The price briefly touched the key support at $88,000 before quickly rebounding, and is currently seesawing around $89,000. Bulls and bears are locked in a stalemate, with neither side gaining the upper hand.
From a technical perspective: the daily chart shows consecutive low-volume bearish candles—a signal that cannot be ignored. Bears are still controlling the pace, and the rebound momentum is clearly insufficient. A breakout to the upside? That may not be so easy. The 4-hour chart provides an even clearer picture: bears continue to put pressure with increasing volume, and the price is sliding along the lower Bollinger Band, with no sign of a reversal in the bear-dominated pattern for now. On the hourly chart, we see mostly narrow-range oscillations. Given that weekend market volume is usually sluggish, it's highly likely that this sideways grind will continue.
For trading strategy, it’s recommended to continue with a "sell the rallies as the main strategy, buy the dips as a supplement" approach.
Watch the $90,000 psychological level for resistance to the upside, and use $88,000 as flexible defensive support to the downside.
Specific operational reference: If BTC rebounds to the $89,800–$90,600 range, consider setting up short positions, targeting $88,800–$88,000. Remember to set stop-losses to handle the random volatility that often comes with weekend trading!