#数字资产生态回暖 $BTC 12.11BTC Last night's rate cut news pushed the price up to 94100, but it couldn't hold and fell back. Mainly, the main force and retail traders are digesting the move, creating several vacuum zones in between, and finally stabilizing a little above 90,000.



From a big picture perspective, technically, it has already tested the bottom twice, which I mentioned before as a key pattern. The support at the 88,000 level below is holding very steadily, serving as a solid support. The daily chart shows two bearish candles with long upper shadows, indicating resistance when trying to push higher. The area around 94100 has become a pressure level. To push further up, it relies on the main force and retail traders working together; otherwise, it's difficult to break through.

On the hourly chart, the previous upward move has now retraced, which is a correction process. The support below is roughly at 89600-89700, and going higher depends on the bottom of the vacuum zone, which is in the 93400-94100 range.

For short-term trading, it is still advisable to go long near 90,000. Setting smaller stop-losses is acceptable, and once it rebounds to around 91400, consider taking profits.
BTC-0.87%
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • 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)