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BTC rebound encounters resistance at 88,200, technical analysis shows there is still room for further downside

ZkSnarker

2025-11-24 10:32:19

Abstract generation in progress

[BlockBeats] BTC’s recent rebound started to lose steam near 88,000. On the daily chart, it’s still hovering below the moving average, and technical indicators are showing a death cross pattern, so the overall trend doesn’t look great.

The hourly chart is even more direct, with consecutive red candles pushing it down. The 88,200 level is showing clear resistance, which coincides with the resistance zone on the daily timeframe. In the short term, it’s possible that there could be further downside.

Some analysts warn that this looks more like a technical correction during a downtrend rather than a true reversal signal. If you do want to trade, it’s recommended to open small short positions at higher levels, avoid high leverage at all costs, and always set a stop-loss. In the current market, risk management is more important than chasing profits.

That being said, no matter which platform you use, the most important thing is to trade within your own risk tolerance and not blindly follow others.

BTC0.53%

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ApeWithNoChain

· 11-26 17:03

This checkpoint is really tough, I always get stuck here, it feels like I'm about to hit rock bottom.

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GhostAddressHunter

· 11-26 06:28

It's that time again, 88,000 is tough to stick with, really frustrating. --- With the death cross already formed, is there still hope for a rebound? I just don't get it. --- Shorting does look tempting, but I still think the bottom hasn't been reached, let's wait a bit longer. --- The advice not to use too much leverage is something that people always have to learn the hard way with blood and tears. --- It feels like it's not a reversal, just a brief moment of reflection after a wave of playing people for suckers. --- At the 88,200 mark, we need to see how the US market moves today, it's too early to say anything now. --- Risk control comes first, but how many people really achieve that? Most still have a gambler's mentality. --- The continuous bearish lines getting dumped is indeed heart-wrenching, my long order is already dead. --- I don't rule out further dips, but where does it count as the bottom? I'm feeling confused. --- It sounds right to short with a light position at a high point, but in practice, it still depends on your psychological tolerance.

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WenMoon42

· 11-24 20:09

If 88,200 can't be broken, it will have to keep going down. Anyway, I don't believe in this rebound.

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FallingLeaf

· 11-24 11:02

I can't get over this hurdle of 88200. I think I still need to keep grinding down.

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ImpermanentLossFan

· 11-24 10:58

88200 can't break, I've seen it long ago, the death cross is there, continuing to fall is a certainty. --- Again it's "technical correction", how many times have we heard this line, in the end it's still playing people for suckers. --- Light position shorting? I'm afraid I might get slapped with a take the opposite position, this market is too strange. --- Alright, stop the nonsense analysis, admitting defeat is the way to go, set the stop loss and go to sleep. --- Dare to open leverage? That's really bold, I've already closed all positions and am lying flat. --- Every time I say not to buy the dip, but in the end, I'm always buying at the bottom, it's hilarious. --- Risk control? Are you kidding? Who really does that?

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NftDeepBreather

· 11-24 10:56

It's dumping again, 88200 really can't hold up --- It's a death cross and still want to rebound, what are you thinking, brothers --- Every time we talk about risk control, does anyone listen? --- Repair? This is clearly just going down, stop deceiving yourself --- I've already taken a light position on the short order, just waiting to see how low it can go --- This market really is, every day is a new low, when will it hit the bottom --- How many times have we said not to open high leverage, yet there are still people getting liquidated --- If 88200 breaks, there won't be any support left, it might still fall further

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GateUser-beba108d

· 11-24 10:39

88200 really can't hold up, is it going to crash down again?

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HalfIsEmpty

· 11-24 10:36

The pressure at 88200 is so strong that once the death cross appears, it's game over, and a dip is definitely coming. --- Here we go again with the same old narrative of technical repair, I don't believe a word of it. --- It's not wrong to short with a Light Position, but don't touch leverage; too many people have died here. --- To put it bluntly, the market is so bad that staying alive is much more important than making money. --- The state of lingering below the moving average means it will eventually have to dip further. --- The weakness of the rebound is too obvious; it’s really not a reversal signal. --- Risk control > profit? It's easy to say, but when losses hit, who can stand it? --- I agree with holding a Light Position at high levels, but don’t believe that any technical indicator can save you. --- 88200 is firmly capped; this level is the ceiling. --- They’re talking about the importance of stop loss again, but how many really set them when it’s crucial?

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liquidation_watcher

· 11-24 10:34

88,200 still can't be broken, this wave is going to drop again.

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