Bitcoin successfully reached 89,000 yesterday, but today's trend is a bit tangled—neither bulls nor bears have much momentum to continue. From a technical perspective, the price is still oscillating around the resistance and support levels, and the triangle consolidation is nearing its end. The 4-hour chart appears very flat, with the range from 89,500 to 86,800 showing very clear characteristics.
The current trading strategy is very clear: consider short positions between 88,900 and 89,500, targeting 87,200 to 86,800. Once this range is touched, immediately switch to long positions. The rhythm of shorting high and buying low is laid out like this.
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IronHeadMiner
· 11h ago
The triangle is ending, and this wave looks like it's about to break out, but both bulls and bears are feeling unmotivated, which is really annoying. Trying a short position at 88,900, let's see if it can drop to 86,800.
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SerumSurfer
· 12h ago
The triangle tip is like this, feeling anxious, just wait for the breakout.
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NoStopLossNut
· 12h ago
I also have a short position here at 88900, just waiting to break 86800 before reversing. The end of the triangle is indeed prone to a directional move.
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LeverageAddict
· 12h ago
89000 has been secured, but today I'm already starting to worry. It's a typical situation where the market is fluctuating and I can't figure out the direction.
Bitcoin successfully reached 89,000 yesterday, but today's trend is a bit tangled—neither bulls nor bears have much momentum to continue. From a technical perspective, the price is still oscillating around the resistance and support levels, and the triangle consolidation is nearing its end. The 4-hour chart appears very flat, with the range from 89,500 to 86,800 showing very clear characteristics.
The current trading strategy is very clear: consider short positions between 88,900 and 89,500, targeting 87,200 to 86,800. Once this range is touched, immediately switch to long positions. The rhythm of shorting high and buying low is laid out like this.