After BTC retreated from the 94k level, the market situation became interesting. There are two possible directions: will it effectively break through the 88k support level? Or will it bounce back upward from this area again?
From a technical perspective, the 88k level is quite critical. If it breaks below, it may test lower supports; conversely, if it rebounds successfully, there is a chance to re-challenge higher resistance.
What are your thoughts on this wave of market movement?
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MerkleTreeHugger
· 01-07 18:51
Whether breaking 88k is really a watershed or not, I bet on a rebound... However, the recent movements have been too strange.
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PessimisticOracle
· 01-07 18:51
The 88k can't be broken, this wave is just a trap, watch and see.
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MetaverseLandlord
· 01-07 18:50
Whether the 88k break happens or not really depends on these two days, let's gamble on a rebound.
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ConsensusBot
· 01-07 18:48
88k can't be broken, the rebound is the real story
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MemecoinTrader
· 01-07 18:40
ngl the 88k thesis is textbook support testing play... but what if we're missing the real alpha here? memetic velocity on this dump suggests retail capitulation signal incoming ngl
After BTC retreated from the 94k level, the market situation became interesting. There are two possible directions: will it effectively break through the 88k support level? Or will it bounce back upward from this area again?
From a technical perspective, the 88k level is quite critical. If it breaks below, it may test lower supports; conversely, if it rebounds successfully, there is a chance to re-challenge higher resistance.
What are your thoughts on this wave of market movement?