This week, the daily chart of BTC has entered a critical period of a bullish and bearish showdown. The price is about to reach the MA30 moving average—89300, this lifeline. This position is very important; it is the dividing line for short-term bulls and bears. If it can break through with higher trade volumes and hold above here, the daily chart level can open up an upward reversal channel, with the first target aimed at the pressure zone of 95000.
From a short-term perspective, the 4-hour MA256 moving average is at 91600, which is a strong resistance level for this phase and also serves as my reference point for short-term profit-taking. Below, 85000 is the defensive line for bulls; if it holds above this level, it presents a good opportunity to go long.
For a long-term strategy, I will gradually enter long positions in the range of 86500-85000, defending against a pullback of around 500 points, with a target of 94000. If it breaks that level, I'll continue to target 96000!
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SchrodingerWallet
· 9h ago
The 89300 level must be broken; otherwise, it will be a false breakout, and then we'll get dumped. It's so annoying.
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screenshot_gains
· 9h ago
At this hurdle of 89300, it feels like I have to test the waters repeatedly, the old routine again.
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RektButAlive
· 9h ago
We must hold the line at 89300, otherwise we'll have to return to those awkward positions. Should we gamble on a higher trade volumes breakthrough?
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GateUser-e87b21ee
· 9h ago
If the line at 89300 is really broken, I will buy the dip; otherwise, I'll wait for the big gift at 85000.
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ser_we_are_early
· 9h ago
Whether this line at 89300 breaks or not is really crucial, I feel like next week will depend on this wave.
This week, the daily chart of BTC has entered a critical period of a bullish and bearish showdown. The price is about to reach the MA30 moving average—89300, this lifeline. This position is very important; it is the dividing line for short-term bulls and bears. If it can break through with higher trade volumes and hold above here, the daily chart level can open up an upward reversal channel, with the first target aimed at the pressure zone of 95000.
From a short-term perspective, the 4-hour MA256 moving average is at 91600, which is a strong resistance level for this phase and also serves as my reference point for short-term profit-taking. Below, 85000 is the defensive line for bulls; if it holds above this level, it presents a good opportunity to go long.
For a long-term strategy, I will gradually enter long positions in the range of 86500-85000, defending against a pullback of around 500 points, with a target of 94000. If it breaks that level, I'll continue to target 96000!
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