BTC has encountered resistance again around the 89,300 level and pulled back. The current price is oscillating around the key threshold of 88,300, with a range of about 1,000 points up and down. In the short term, it remains in a high-level consolidation phase, and the direction depends on an effective breakout of the range.



Wednesday morning strategy reference:
BTC: Pressure in the 88,600–89,200 zone for shorting, with targets focusing on the support band of 87,600–86,800

ETH: Resistance in the 2,990–3,020 zone for shorting, with support levels at 2,940–2,910 below

The overall approach is based on range trading and executing at resistance levels. Until an effective breakout occurs, avoid blindly chasing gains, and strictly control position sizes and stop-losses.
BTC1,12%
ETH1,64%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)