#美联储重启降息步伐 Last night's rally was really strong, with the 4-hour chart pushing the price far away from the key level of $89,923. Is it wise to chase at this level now? Honestly, it's not very smart. Plus, the price has already hit the fourth resistance zone, so if it wants to keep pushing higher tonight, the resistance won't be small.
That said, as long as $89,923 holds, it's still possible to look for an opportunity to get in with the trend tomorrow.
On the daily chart, the candlestick is still suppressed below the bearish trendline, but it's already very close to the trendline at $93,958. What does this mean? Once the daily close stands above this price, the trend indicator will turn from red to green, and the bullish setup on the daily chart will be officially established, so we can expect a decent rebound then.
Looking higher, the daily resistance and target expectations are around $95,604 and $99,108, respectively.
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NoodlesOrTokens
· 20h ago
Chasing the high now is indeed a bit greedy. Let's wait and see if 89923 can't be broken.
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ser_aped.eth
· 12-03 09:50
We have to hold the 89923 level, otherwise all this would be for nothing.
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FlyingLeek
· 12-03 09:49
Damn, this upward move is really aggressive, but chasing now really feels like gambling with your life.
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GateUser-beba108d
· 12-03 09:48
Here we go again. If 89923 can't hold, forget about it. Let's talk again at 93958.
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FlashLoanPhantom
· 12-03 09:38
If 89923 can't hold, this rebound is just a false rally. Don't chase the highs.
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JustHodlIt
· 12-03 09:23
Chasing highs now is playing with fire; better wait for a pullback.
#美联储重启降息步伐 Last night's rally was really strong, with the 4-hour chart pushing the price far away from the key level of $89,923. Is it wise to chase at this level now? Honestly, it's not very smart. Plus, the price has already hit the fourth resistance zone, so if it wants to keep pushing higher tonight, the resistance won't be small.
That said, as long as $89,923 holds, it's still possible to look for an opportunity to get in with the trend tomorrow.
On the daily chart, the candlestick is still suppressed below the bearish trendline, but it's already very close to the trendline at $93,958. What does this mean? Once the daily close stands above this price, the trend indicator will turn from red to green, and the bullish setup on the daily chart will be officially established, so we can expect a decent rebound then.
Looking higher, the daily resistance and target expectations are around $95,604 and $99,108, respectively.
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