Bitcoin is currently in a sustained weak trend. The daily chart still shows a clear downtrend, and the weekly chart has not found an effective support level, indicating a lack of market confidence. Recently, this wave of market movement has been somewhat cold, with trading volume significantly shrinking, and buy orders in the market lacking strength. This kind of situation often suggests there is room for further decline.
From a trading perspective, focus can be placed on the 89300 level—if Bitcoin rebounds to this point, it would be a good short entry point. Further up around 90300, if the upward momentum gradually stalls, it could also be a good time to consider shorting. Set a stop loss at 91000 to leave enough buffer. The target is around 88000, where profits can be taken first.
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MevTears
· 11h ago
With such sluggish trading volume, I think there's still more downside to come. Don't rush to buy the dip, brothers.
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AirdropHustler
· 11h ago
Here comes the harvest again, short position entered at 89,300? Ha, just wait to get trapped.
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FOMOmonster
· 11h ago
The trading volume is so low, it's obviously a accumulation phase. Just waiting to watch the show.
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GasFeeCrier
· 11h ago
The trading volume is so low, it's really stifling, feels like it's about to break through at any moment.
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AlgoAlchemist
· 11h ago
Trading volume is so dull, it feels like the bears are about to take over.
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89300 is really a good sniping point, I bet on it.
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Both weak and shrinking, this rhythm is indeed a bit hopeless.
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See you at 88000, let's chat below.
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I'm impressed by the courage to set a stop loss at 91000, steady.
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The fact that buying pressure is weak really hits home, I need to exit.
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Rebound and then crash? Then I better be prepared.
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Cold as it is, opportunities are actually increasing.
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No support on the weekly chart, it's uncomfortable.
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If it stays flat around 90300, I will go short directly.
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CryptoTarotReader
· 11h ago
It's dropping again, and this time I'm a bit uneasy. Around 89,300, I could really set up a short position, but I'm still a little nervous...
Bitcoin is currently in a sustained weak trend. The daily chart still shows a clear downtrend, and the weekly chart has not found an effective support level, indicating a lack of market confidence. Recently, this wave of market movement has been somewhat cold, with trading volume significantly shrinking, and buy orders in the market lacking strength. This kind of situation often suggests there is room for further decline.
From a trading perspective, focus can be placed on the 89300 level—if Bitcoin rebounds to this point, it would be a good short entry point. Further up around 90300, if the upward momentum gradually stalls, it could also be a good time to consider shorting. Set a stop loss at 91000 to leave enough buffer. The target is around 88000, where profits can be taken first.