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.
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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.