A market event just took place involving a large-scale settlement of 28.5 billion in BTC and ETH options, with public opinion overwhelmingly bullish, claiming a "general upward bias." However, upon closer examination of the market logic, I believe the perspective should be reversed.
The market has repeatedly tested the 90,000-90,500 level. If, after the settlement, this level cannot be held, then the so-called "bullish" signal becomes a joke. The real risk lies below, with the key support levels at 86,500-85,000. Once this zone is broken with increased volume, the entire rebound structure will essentially be shattered, and the downtrend will accelerate.
What I want to say is that a strong trend does not need catalysts from events. Markets driven up by events often fall sharply once the event concludes. From a trading perspective, I remain skeptical of any upward spikes, and the real trading opportunities should come from the success or failure at critical support levels. Breaking below key levels may be where the trend trading truly begins.
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RugPullSurvivor
· 6h ago
Is 28.5 billion in settlement enough to be bullish? The public opinion is so naive. Talking with charts is the real way to understand.
Let's talk again if it breaks below 86,500; it's a bit early to say it's bullish now.
The rally driven by events is just a joke once it ends, I stand by this logic.
If 90,000 can't be broken, you really need to be cautious; the defense line must be held.
Trading opportunities never come when bragging; they appear at the moment of key level breakouts.
If the market repeatedly tests a level and can't break through, interpreting this as a signal is definitely correct.
A strong trend speaks for itself; there's no need for events to push it.
You guys go ahead and be bullish; I’ll stay at 86,500 to defend.
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WenMoon
· 6h ago
Haha, 28.5 billion has everyone excited, passing the baton here
It's easy to be bullish, the key is whether 90,000 can hold, if not, it's just a paper tiger
86,500 is the real test, break this and the entire logic will reverse
I never believe in rallies caused by events, those tend to die the fastest
I'm just waiting for the moment when support collapses, that will be the true trading signal
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GasFeeTherapist
· 6h ago
Those who are bullish are all bagholders, they can't even handle 90,000 and are just blowing hot air there.
Only when it drops below 85,000 can you see clearly; right now, it's all just bluffing.
The market driven by events is just the beginning of harvesting the leeks, that's how I see it too.
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SeeYouInFourYears
· 6h ago
This kind of talk has become stale, with events triggering the market and then a plunge, cycle after cycle. But this guy's words are pretty good; we really have to kneel at the 90,000 level.
A market event just took place involving a large-scale settlement of 28.5 billion in BTC and ETH options, with public opinion overwhelmingly bullish, claiming a "general upward bias." However, upon closer examination of the market logic, I believe the perspective should be reversed.
The market has repeatedly tested the 90,000-90,500 level. If, after the settlement, this level cannot be held, then the so-called "bullish" signal becomes a joke. The real risk lies below, with the key support levels at 86,500-85,000. Once this zone is broken with increased volume, the entire rebound structure will essentially be shattered, and the downtrend will accelerate.
What I want to say is that a strong trend does not need catalysts from events. Markets driven up by events often fall sharply once the event concludes. From a trading perspective, I remain skeptical of any upward spikes, and the real trading opportunities should come from the success or failure at critical support levels. Breaking below key levels may be where the trend trading truly begins.