Bitcoin has been weakening continuously over the past three trading days, with frequent bearish candles in the early session, forcing many long positions to be stopped out or liquidated. After losing the 90,000 level, the price continued to decline from the evening into the early morning without stopping, with bearish sentiment clearly dominating.



However, it is important to note that there is no such thing as an eternal downtrend. Currently, the downside space is actually limited. Entering short positions now would carry greater risk and could easily lead to being trapped.

From a technical perspective, around 86,000 is a key support level. The current strategy is simple—trade in the direction of the trend. Above 90,000, consider short positions with the first target at 86,000. If this level is also broken and the price stabilizes below, then the 80,000 level becomes the next focus. The key is to control risk and avoid being caught off guard by a market reversal.
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TokenomicsPolicevip
· 11h ago
Can 86,000 really hold? It feels like this wave might go even lower.
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FundingMartyrvip
· 11h ago
Entering a short position now is indeed a bit foolish, as it's easy to get caught by a rebound. I don't believe Bitcoin will drop below 86,000.
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CryptoTarotReadervip
· 11h ago
Be careful when shorting, it's easy to get caught off guard and get stopped out when entering the market now.
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MintMastervip
· 11h ago
Staying up all night watching the market is really intense. After breaking 90,000, it keeps falling, and my long position has directly gone to Argentina. Friends who are shorting, be careful. Bottom rebounds often bite back. Can 86,000 hold? It feels like this wave still has more to explore.
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