The recent adjustment rhythm of Bitcoin continues. Yesterday's market indeed saw an upward move, but it still falls about 100 points short of the 89,000 target. The current situation is as follows: the rally has been blocked again, and on the four-hour chart, we can see the oscillation range being continuously compressed. The range is getting narrower and a breakout will come sooner or later, but before that, it’s more prudent to operate within the oscillation.
From the daily chart perspective, consider a short position if the rebound surpasses 89,000. If the price continues to surge toward 90,000, you can increase your short positions. The support below depends on whether the 87,500 level can hold.
To put it simply, we are now waiting for the moment when this compressed oscillation range finally breaks. The direction will become very clear, but before that moment arrives, it’s important to patiently observe every rebound and pullback within this range. The characteristic of this Bitcoin adjustment is highly regularized; as long as key levels are protected, there are actually quite a few trading opportunities.
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LiquidityHunter
· 7h ago
89,000 is just a little over 100 points away? It broke long ago. Your analysis is from yesterday, right?
View OriginalReply0
FlyingLeek
· 13h ago
I think the key is whether 87500 can hold or not.
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It's both volatile and compressing. When will there be a breakout?
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I've been watching the 89000 level for several days. I'm a bit tired.
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Regularity? Ha, I just want to know when this pattern will be proven wrong.
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Holding the right levels gives a chance. It's easy to say, but when it comes to critical moments, everyone gets nervous.
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Adding to short positions around 90000; this operation carries some risk.
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The range is getting narrower, feeling like it's about to explode.
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During the wait for a breakout, it's best to watch and avoid reckless actions.
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I went short when it was above 88000. Now I feel a bit regretful.
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As long as I don't get liquidated, these small adjustments are manageable.
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LightningPacketLoss
· 18h ago
It's another waiting game, the range is getting tighter and tighter, feeling like an explosion could happen at any moment.
If we can't hold 87,500, we'll just cut and run.
Yesterday's rebound was really annoying, it almost hit 89, forcing me to almost buy the dip several times.
This kind of regular market pattern is actually the most profitable, it all depends on who can resist chasing the trades.
Always shouting for a breakout, when will it come? I'm almost falling asleep.
View OriginalReply0
SchrodingerProfit
· 19h ago
The compressed range is about to explode, just waiting for that moment.
View OriginalReply0
MemecoinTrader
· 19h ago
ngl the compression pattern here is textbook social sentiment setup... watch how retail fomo cascades once we break 89k lmao
Reply0
OnChainSleuth
· 19h ago
Ha, it's the same old range breakout theory again. I bet 5🍌 this time it won't break either.
Can 87,500 really hold? I doubt it.
Regularization? Bro, you're just seeking psychological comfort.
Can't even reach 89,000, and you're still planning a short position.
Wait, is a big move really coming this time? I still find it hard to believe.
View OriginalReply0
RamenDeFiSurvivor
· 19h ago
Oh my, we're stuck at 89,000 again. This constant torment is exhausting.
Waiting for a breakthrough, but it never comes. So frustrating.
If we can't hold 87,500, let's just go straight to hell.
The recent adjustment rhythm of Bitcoin continues. Yesterday's market indeed saw an upward move, but it still falls about 100 points short of the 89,000 target. The current situation is as follows: the rally has been blocked again, and on the four-hour chart, we can see the oscillation range being continuously compressed. The range is getting narrower and a breakout will come sooner or later, but before that, it’s more prudent to operate within the oscillation.
From the daily chart perspective, consider a short position if the rebound surpasses 89,000. If the price continues to surge toward 90,000, you can increase your short positions. The support below depends on whether the 87,500 level can hold.
To put it simply, we are now waiting for the moment when this compressed oscillation range finally breaks. The direction will become very clear, but before that moment arrives, it’s important to patiently observe every rebound and pullback within this range. The characteristic of this Bitcoin adjustment is highly regularized; as long as key levels are protected, there are actually quite a few trading opportunities.