After Bitcoin pulled back to the 88000 level, the trend began to enter a sideways tug-of-war. Looking at the 1-hour candlestick chart, the price is still testing around the middle line, with bullish and bearish forces wrestling with each other, which is similar to the rhythm predicted earlier in the session.
If it is currently under pressure in the range of 88000-88500, pay attention to the support level around 87500 to 87000.
If $BTC cannot hold around 2960, it may pull back to the 2900 level.
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Layer2Observer
· 11-28 02:56
During this period of sideways range-bound movement, I feel like it's a test of the market's psychological bottom line. Is 88000 really a psychological barrier? It needs to be clarified that these round numbers are often over-interpreted.
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MEV_Whisperer
· 11-25 14:34
88000 is being tested repeatedly at this level, it feels like someone is deliberately suppressing it.
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¯\_(ツ)_/¯
· 11-25 07:40
The position at 88000 is really a bit sticky, it feels like it either has to break upwards or it will have to drop down.
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NftBankruptcyClub
· 11-25 07:33
The 88,000 level is starting to seesaw again, it's really annoying. It would be better to just pick a direction and break out.
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GateUser-a5fa8bd0
· 11-25 07:26
It's really impossible to die here at 88000, it feels like this tug-of-war has been going on for hours.
#美联储恢复降息节奏 November 25 Afternoon Observation:
After Bitcoin pulled back to the 88000 level, the trend began to enter a sideways tug-of-war. Looking at the 1-hour candlestick chart, the price is still testing around the middle line, with bullish and bearish forces wrestling with each other, which is similar to the rhythm predicted earlier in the session.
If it is currently under pressure in the range of 88000-88500, pay attention to the support level around 87500 to 87000.
If $BTC cannot hold around 2960, it may pull back to the 2900 level.