#比特币对比代币化黄金 Sunday Market Watch: $BTC This wave is really testing everyone's patience.
The 93,000 to 94,000 level has become a real battleground between bulls and bears. It's said that a lot of institutional short liquidity is stacked above, and every time the price tests the highs, it gets pushed back down. On the downside, 88,000–91,000 is holding up; several retests haven’t broken it, but you can't really call it a solid base either since it keeps failing to break upwards.
Right now, there are three possible scenarios:
Either, one day, there’s a sudden surge in volume and it breaks through 94,000 and holds—that would be promising—a straight shot to the psychological 100,000 level, and for the aggressive, maybe even targeting the 120,000 to 128,000 range. But the prerequisite is real buying power, not just a fake-out.
Or, if the 88,000 support doesn't hold, be mentally prepared to look for 85,000, and possibly even 78,000–80,000 for support. After all, if the correction isn’t done, any rebound won’t be solid.
Most likely? Continued sideways action. Just churning between 88,000 and 94,000, with weak hands shaking out and positions rotating, while we wait for a real catalyst—like a clear signal from the Fed or something.
$ETH is basically following the leader, with no independent moves. At times like this, either endure the boredom or just stay on the sidelines and watch the show.
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.
5 Likes
Reward
5
5
Repost
Share
Comment
0/400
StablecoinSkeptic
· 1h ago
Continuing the sideways market is really torturous
#比特币对比代币化黄金 Sunday Market Watch: $BTC This wave is really testing everyone's patience.
The 93,000 to 94,000 level has become a real battleground between bulls and bears. It's said that a lot of institutional short liquidity is stacked above, and every time the price tests the highs, it gets pushed back down. On the downside, 88,000–91,000 is holding up; several retests haven’t broken it, but you can't really call it a solid base either since it keeps failing to break upwards.
Right now, there are three possible scenarios:
Either, one day, there’s a sudden surge in volume and it breaks through 94,000 and holds—that would be promising—a straight shot to the psychological 100,000 level, and for the aggressive, maybe even targeting the 120,000 to 128,000 range. But the prerequisite is real buying power, not just a fake-out.
Or, if the 88,000 support doesn't hold, be mentally prepared to look for 85,000, and possibly even 78,000–80,000 for support. After all, if the correction isn’t done, any rebound won’t be solid.
Most likely? Continued sideways action. Just churning between 88,000 and 94,000, with weak hands shaking out and positions rotating, while we wait for a real catalyst—like a clear signal from the Fed or something.
$ETH is basically following the leader, with no independent moves. At times like this, either endure the boredom or just stay on the sidelines and watch the show.