The early trading session shows a lack of momentum for Bitcoin, fluctuating repeatedly between 89,800 and 91,700 with no clear direction. After surging to 92,000 last night, it started to pull back and is now consolidating around 91,000, with trading volume not particularly ideal.
From a technical perspective, the support level is at 89,500, and the resistance is at 91,700. Once these levels are broken, trading should follow the trend. If there is no clear breakout, consider trading within the range—shorting at the high end and going long at the low end.
In the short-term trading view, you can consider accumulating longs on dips between 90,500 and 91,000, but risk management is essential. Mainstream cryptocurrencies like Ethereum and SOL are currently following Bitcoin's rhythm and are not showing independent performance.
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GasFeeCryer
· 17h ago
Still rambling on, with such poor trading volume, you still want to break through?
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GateUser-75ee51e7
· 17h ago
Another stagnant market situation. I don't even feel like checking the market before work this morning.
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GateUser-9ad11037
· 17h ago
Are you again messing around in the dead zone between 89,800 and 91,700? This market really makes people feel stuck.
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ChainSherlockGirl
· 17h ago
It's the same oscillating market again, pushing up to 92,000 and then dropping back down—classic fake-out.
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ApeWithNoFear
· 17h ago
It's the same old rat poison market again. If it can't break through 92,000, you know there's no hope.
The early trading session shows a lack of momentum for Bitcoin, fluctuating repeatedly between 89,800 and 91,700 with no clear direction. After surging to 92,000 last night, it started to pull back and is now consolidating around 91,000, with trading volume not particularly ideal.
From a technical perspective, the support level is at 89,500, and the resistance is at 91,700. Once these levels are broken, trading should follow the trend. If there is no clear breakout, consider trading within the range—shorting at the high end and going long at the low end.
In the short-term trading view, you can consider accumulating longs on dips between 90,500 and 91,000, but risk management is essential. Mainstream cryptocurrencies like Ethereum and SOL are currently following Bitcoin's rhythm and are not showing independent performance.