Bitcoin has recently been fluctuating within a range, but the signs of long positions building up on the 4-hour Candlestick Chart have become increasingly evident. Although the previous attempts to surge have been suppressed, each pullback's low point is rising, indicating that the support below is very solid, and the willingness of market participants to go long is accumulating.
From the overall rhythm, long positions have the upper hand. The current stage of fluctuation is essentially a buildup, belonging to the consolidation phase of the upward process. This kind of trend often indicates that there will be another upward movement relying on the support level.
From an operational perspective, the current strategy should primarily focus on going long on pullbacks. Specifically, Bitcoin can be considered for positioning within the range of 86800-87300, with the target pointing towards the area of 88000-88500. Once support is validated again, the probability of an upward movement will be relatively high.
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PebbleHander
· 8h ago
Is it going to fluctuate again? I just want to know if this time it can really break 88.
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PumpStrategist
· 13h ago
The pattern has formed, but what about the trading volume? That's the real issue.
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Lower lows, higher highs—typical trap of rookie thinking. Every time they say this wave is about to take off.
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Enter at 86,800? Bro, check the chip distribution; institutions have been waiting above.
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Charging up, charging up, for three months now. There are indeed interesting levels, but the risk hasn't been fully released.
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Support has been tested multiple times, do we need to test it N+1 times? That's an interesting logic.
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Is 88,000-88,500 all? I want to see how likely a breakout really is. RSI is almost at 80.
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Pullback for long entry sounds right, but where's your stop loss?
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It's the same old story. When I last heard this analysis, the price was still at 89,000.
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Bullish dominance is a fact, but market sentiment indicators are already overheated. Don't get caught.
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Every rally gets suppressed, and you're still pondering how to chase? Courageous indeed.
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MEVSandwich
· 12-24 19:48
To be honest, this wave of buildup looks really comfortable, raising the low points is like speaking.
Wait, do you really believe 88500 can be reached? Feels quite stressful.
I've already positioned myself at 86800, just waiting.
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4am_degen
· 12-24 02:02
Waiting for 87000 to buy the dip, otherwise this wave of accumulation will be in vain.
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StableCoinKaren
· 12-24 01:57
The lows are rising, this wave is indeed interesting; it all depends on whether we can hold 86800.
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ImpermanentPhilosopher
· 12-24 01:54
Every time it says to charge up, can it rise this time or will it continue to trick me into entering?
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CodeZeroBasis
· 12-24 01:54
Wait, is it charging again? Every time it says charging, in the end, it still gets dumped.
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DYORMaster
· 12-24 01:43
The signal of raising the low point is still quite obvious, it just depends on whether it can really break 88.
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SelfCustodyIssues
· 12-24 01:42
I have been lying in ambush at the position of 86800, just waiting for it to Rebound.
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DisillusiionOracle
· 12-24 01:41
The low points keep being raised, I've heard this trap so many times, and in the end it gets dumped again. I don't understand who is accumulating.
Bitcoin has recently been fluctuating within a range, but the signs of long positions building up on the 4-hour Candlestick Chart have become increasingly evident. Although the previous attempts to surge have been suppressed, each pullback's low point is rising, indicating that the support below is very solid, and the willingness of market participants to go long is accumulating.
From the overall rhythm, long positions have the upper hand. The current stage of fluctuation is essentially a buildup, belonging to the consolidation phase of the upward process. This kind of trend often indicates that there will be another upward movement relying on the support level.
From an operational perspective, the current strategy should primarily focus on going long on pullbacks. Specifically, Bitcoin can be considered for positioning within the range of 86800-87300, with the target pointing towards the area of 88000-88500. Once support is validated again, the probability of an upward movement will be relatively high.