Looking at Bitcoin's current performance, friends who were previously trapped finally have a chance to break free this time. The rally from the bottom has indeed been quite comfortable. However, the price level at 88,000 does seem a bit awkward, with both buyers and sellers hesitating here. Such volatility actually puts a lot of pressure on short-term traders. From a technical perspective, there is a significant possibility of continued resistance above. If this key level cannot be held, there may still be room for further decline, and the bearish outlook should still be valid. In short, take the opportunity to lock in profits and don't be greedy.

BTC1,34%
View Original
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.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
MevHuntervip
· 7h ago
The 88,000 level is really a tough barrier. Whether to take action now or keep holding on is the real skill.
View OriginalReply0
MidnightGenesisvip
· 7h ago
What does the on-chain data at the 88000 position show? I monitored the movements of whale wallets, and the interesting part is... large transfers have indeed stalled here. Based on past experience, this kind of hesitation period often indicates something. It’s worth noting not to be fooled by the superficial rebound.
View OriginalReply0
WagmiAnonvip
· 7h ago
Don't be too optimistic about the 88,000 level. I feel another shakeout is coming.
View OriginalReply0
POAPlectionistvip
· 7h ago
88000 is holding tightly, it feels like it's about to break through.
View OriginalReply0
ETHmaxi_NoFiltervip
· 7h ago
88000 is really an awkward level; it makes me uncomfortable just looking at it. The selling pressure is quite intense.
View OriginalReply0
TokenCreatorOPvip
· 7h ago
88000 is really a tough level to break through. The bearish logic still holds, but don't be too greedy.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)