Bitcoin has been repeatedly testing the bottom around 87,000 for quite some time without a successful breakthrough. This situation does leave some regrets. However, based on the morning performance, the short target in the 90,500 to 90,000 range yielded an excess profit of 3,000 points, and the execution was quite effective.
Moving to the evening trading strategy, 87,000 has become a key support level. Short-term bullish opportunities should focus on around 88,300. When the market reverses and touches 88,150, then drops all the way down to 87,050, if this trend unfolds as expected, this setup indeed has the potential to be legendary.
Currently, the correlation between Ethereum and Binance Coin is also worth monitoring, as market liquidity continues to be a constant battle.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
6
Repost
Share
Comment
0/400
AirdropHunter420
· 15h ago
It's been taking so long to break through here at 87,000, it's really getting a bit frustrating. When will we finally see a true breakout?
View OriginalReply0
MemecoinTrader
· 15h ago
nah this 87k support thesis is giving "i need this to hold" energy... what if it's just capitulation setup disguised as technical beauty? 🤔
Reply0
Token_Sherpa
· 15h ago
ngl the "封神 potential" talk is giving me ponzinomics vibes... every time someone yells about perfect setups, the market does the opposite lol. that 88300 level tho? seen this movie before, supply elasticity breaks down when liquidity dries up.
Reply0
TokenomicsDetective
· 15h ago
87,000 this pit has been grinding for so long, it's really frustrating. When can we truly break through?
Speaking of the 3,000-point excess return, it's indeed pretty good, but it feels like the market still needs to continue oscillating.
Is 88,300 a bullish opportunity? I always feel this wave is a bit uncertain. Let's see how it develops later.
I've been keeping an eye on the linkage between ETH and BNB; liquidity is still a game of tug-of-war.
Fengshen's layout? Uh... let's not boast for now. We'll talk about it once it plays out.
View OriginalReply0
JustHereForAirdrops
· 15h ago
87,000 this damn level, I've been grinding for so long, it's really frustrating.
Just grind the bottom, don't keep us hanging, okay?
88,300 was indeed interesting, let's see how it goes.
In the liquidity game, no one can predict when the breakthrough will happen.
ETH and BNB are linked, we need to keep a close eye on this move.
Excess returns over 3,000 points are really impressive, let's see if it can be replicated.
Can the 87,050 support hold? That's the key.
View OriginalReply0
IfIWereOnChain
· 15h ago
87000 is still dragging on, really annoying. When will there be a decisive breakthrough?
Bitcoin has been repeatedly testing the bottom around 87,000 for quite some time without a successful breakthrough. This situation does leave some regrets. However, based on the morning performance, the short target in the 90,500 to 90,000 range yielded an excess profit of 3,000 points, and the execution was quite effective.
Moving to the evening trading strategy, 87,000 has become a key support level. Short-term bullish opportunities should focus on around 88,300. When the market reverses and touches 88,150, then drops all the way down to 87,050, if this trend unfolds as expected, this setup indeed has the potential to be legendary.
Currently, the correlation between Ethereum and Binance Coin is also worth monitoring, as market liquidity continues to be a constant battle.