Recently, Bitcoin has been performing quite strongly, breaking through the key resistance level of $88,000 in the early hours and stabilizing above it. This level has successfully turned into a support platform, likely to continue serving as a foundation for further upward movement. Subsequently, the price continued to rise, surpassing $88,500. Throughout this process, volume and price action have been well-coordinated, indicating a typical bullish breakout pattern—this shows that the buying strength is indeed sufficient.
From the candlestick structure, this effective breakout essentially confirms the start of a new upward trend, with the market's center of gravity clearly shifting upward. What’s the next move? In the short term, it should continue to hold above $88,000, then gradually push toward $90,000, with a further resistance at $91,500 to break through.
In terms of trading strategy, BTC can be bought near $88,300 with a target of $90,000. As for Ethereum, around $2,970 is also a good long entry point, with a target set at $3,075. Patience is key in confirming signals for the rhythm—don’t rush.
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.
13 Likes
Reward
13
7
Repost
Share
Comment
0/400
gas_fee_therapy
· 5h ago
88000 broke and it's gone, the key is not to backpedal, brother
---
It's both bullish and support at the same time, makes me want to go all in
---
This wave really has good volume and price coordination, just depends on whether it can hold steady at 90k
---
Always shouting 90000, maybe I’ll have to change my tune then
---
Be patient and wait for confirmation signals, it's easy to say but extremely difficult to do
---
Ethereum at 2970? I already got in early, just waiting for 3075 to catch the dip buyers
---
That break in the early morning was really fierce, my sleep quality has dropped again
---
Good volume and price coordination sound comfortable, wait for the drop to hype it up
---
Entering long at 88300, is this position really attractive?
---
Bitcoin this beast is starting to act up again, the rhythm is tightly controlled
View OriginalReply0
ContractFreelancer
· 5h ago
Once 88,000 is broken, it's broken. The key is whether we can hold it. Let's just watch and see.
View OriginalReply0
BloodInStreets
· 5h ago
Starting to talk about breakthroughs, support, and new trends again. I think the 88,000 level is just a smokescreen; the real harvesting machine is still waiting behind.
The ones who chase the rally are always the last batch. Don't ask me how I know.
View OriginalReply0
ConsensusBot
· 5h ago
Once it breaks below 88,000, the hype will start. I think this wave can push to 90,000, let's see.
View OriginalReply0
GasFeeWhisperer
· 5h ago
88,000 broke through and that's it, the key is whether it can hold, that's the real skill.
Is 90K really achievable? It's a bit uncertain.
Can BTC this wave directly hit 91,500? It feels like it needs to be accumulated in stages.
Wait, no, you mentioned volume and price coordination, but I don't see it.
A bullish pattern is a bullish pattern, but what if it crashes down?
Is this wave really a new trend or just a rebound? I'll wait for the signals; I'm not in a hurry anyway.
The target of 3,075 sounds a bit optimistic; ETH has been so weak.
If I enter long at 88,300, where should I place the stop loss? That's what I care about.
Are the buyers enough? I only see big fish offloading.
View OriginalReply0
AirdropHermit
· 5h ago
88,000 has stabilized after breaking below. The bullish momentum is indeed strong, and 90k is not far away.
View OriginalReply0
PriceOracleFairy
· 5h ago
ngl the volume profile on this breakout is giving me serious mev-farming vibes... like are we actually buying or just watching whales shuffle liquidity again?
Recently, Bitcoin has been performing quite strongly, breaking through the key resistance level of $88,000 in the early hours and stabilizing above it. This level has successfully turned into a support platform, likely to continue serving as a foundation for further upward movement. Subsequently, the price continued to rise, surpassing $88,500. Throughout this process, volume and price action have been well-coordinated, indicating a typical bullish breakout pattern—this shows that the buying strength is indeed sufficient.
From the candlestick structure, this effective breakout essentially confirms the start of a new upward trend, with the market's center of gravity clearly shifting upward. What’s the next move? In the short term, it should continue to hold above $88,000, then gradually push toward $90,000, with a further resistance at $91,500 to break through.
In terms of trading strategy, BTC can be bought near $88,300 with a target of $90,000. As for Ethereum, around $2,970 is also a good long entry point, with a target set at $3,075. Patience is key in confirming signals for the rhythm—don’t rush.