#Strategy加仓比特币 Bitcoin 4-hour chart is showing some weakness. The highs are gradually retreating, having already broken through the midline and now hovering near the lower band. The rebound strength has never been strong enough, which is a typical pattern of a continuing downtrend. Currently, this rebound looks like a technical minor correction only.
Looking at the technical levels: the resistance above is at 90,000 (first line of defense), and 92,000 is the previous midline + support level, now turned into resistance. On the support side, 88,000 is a key recent level, with a previous low and the lower band supporting around 87,500. If it breaks below 87,500, the next target is directly around the 86,000 region.
How to operate in the short term? There's no need to chase longs during the rebound. Around 90,000, you can try a small short position, with a stop-loss above 92,300, and initially target 88,000. If it breaks through that, then look at 87,500. Unless there's a volume surge to stabilize above 92,000, it's not worth switching to a long strategy. $BTC $ETH
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.
16 Likes
Reward
16
7
Repost
Share
Comment
0/400
CounterIndicator
· 2h ago
Hmm, it's the same old trick again. The reasons for the bears are always so convincing. If 92,000 can't hold, then it really might crash down.
View OriginalReply0
RooftopReserver
· 7h ago
Coming with this again? Breaking 90,000 won't happen, and a rebound is just nonsense. I've seen too many bear markets played out like this.
View OriginalReply0
AirdropChaser
· 7h ago
Here we go again, fluctuating around 89,000 repeatedly. It feels like it's just wearing people's patience thin.
View OriginalReply0
HashBrownies
· 7h ago
Yeah, this round isn't really worth watching. The rebound is very weak, and the 92,000 level is probably going to be broken back down again.
View OriginalReply0
MEVHunterZhang
· 7h ago
Hey, this wave is indeed weak, I saw it too. Running along the lower band isn't interesting. Try shorting at 90,000, with a stop loss at 92,300. I'm just worried about a sudden rebound at that time.
View OriginalReply0
MEVictim
· 7h ago
90,000 is the line of defense. If it can't be broken, it will continue to fall. This rebound is indeed weak.
View OriginalReply0
MEVvictim
· 7h ago
It's the same story again. When the rebound is weak, it has to look bearish. Why do I feel this time is different...
#Strategy加仓比特币 Bitcoin 4-hour chart is showing some weakness. The highs are gradually retreating, having already broken through the midline and now hovering near the lower band. The rebound strength has never been strong enough, which is a typical pattern of a continuing downtrend. Currently, this rebound looks like a technical minor correction only.
Looking at the technical levels: the resistance above is at 90,000 (first line of defense), and 92,000 is the previous midline + support level, now turned into resistance. On the support side, 88,000 is a key recent level, with a previous low and the lower band supporting around 87,500. If it breaks below 87,500, the next target is directly around the 86,000 region.
How to operate in the short term? There's no need to chase longs during the rebound. Around 90,000, you can try a small short position, with a stop-loss above 92,300, and initially target 88,000. If it breaks through that, then look at 87,500. Unless there's a volume surge to stabilize above 92,000, it's not worth switching to a long strategy. $BTC $ETH