Bitcoin has been fluctuating around 87,200, and the 4-hour KDJ has already experienced a golden cross but shows signs of turning downward, which is usually a signal of a reversal. Short-term space is limited, so it is not recommended to chase long positions.
【Trading Ideas】
$BTC Consider short positions in the 87,500-88,000 range, with support levels at 86,400-85,400 below.
$ETH Similarly, around 2,960-2,980, there are shorting opportunities, with targets at 2,910-2,880.
The key moving forward is whether Bitcoin can hold above 87,000; otherwise, the support levels will face tests.
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.
11 Likes
Reward
11
4
Repost
Share
Comment
0/400
NFTHoarder
· 9h ago
The 87,200 level keeps getting tested repeatedly, it feels like a breakdown is imminent. The short-selling opportunity has indeed arrived.
View OriginalReply0
SandwichDetector
· 9h ago
That 87,000 level really has to be held, or else who knows what will happen next.
View OriginalReply0
ForumMiningMaster
· 9h ago
If the 87,000 hurdle is broken, you really need to be careful.
View OriginalReply0
ChainBrain
· 9h ago
87200 this back-and-forth tug-of-war is really annoying to watch. The KDJ turning downward is indeed a good signal. Don't chase long positions in the short term.
#隐私保护话题升温 【Morning Market Brief】
Bitcoin has been fluctuating around 87,200, and the 4-hour KDJ has already experienced a golden cross but shows signs of turning downward, which is usually a signal of a reversal. Short-term space is limited, so it is not recommended to chase long positions.
【Trading Ideas】
$BTC Consider short positions in the 87,500-88,000 range, with support levels at 86,400-85,400 below.
$ETH Similarly, around 2,960-2,980, there are shorting opportunities, with targets at 2,910-2,880.
The key moving forward is whether Bitcoin can hold above 87,000; otherwise, the support levels will face tests.