#数字资产市场动态 Bitcoin continued its upward trend in the early trading session today. From the four-hour chart, the market repeatedly tests between $87,400 and $88,000. The overall increase is modest, rising only about 0.2%. The support level below is around $87,400, while resistance above is near $88,800.



From a trading perspective, attention can be paid to the breakout of this range. If Bitcoin faces resistance and pulls back at the $89,000-$89,500 level, consider looking for shorting opportunities, with a target around $87,000.

Currently, Ethereum and Binance Coin are also moving in tandem with Bitcoin, but in the short term, the market still depends on Bitcoin's direction.
BTC1,4%
ETH1,02%
BNB1,1%
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
  • 5
  • Repost
  • Share
Comment
0/400
BlockchainDecodervip
· 10h ago
According to research, a slight increase of 0.2% essentially reflects the market's hesitation at high levels. It is worth noting that the oscillation pattern in the $87,400-$88,800 range is highly similar to the technical performance during the same period in previous years. It is recommended that everyone refer to CME futures data and re-examine the possibility of a breakout from the perspective of institutional holdings.
View OriginalReply0
MelonFieldvip
· 12-29 02:18
Damn, still bragging about a 0.2% increase? Is this what you call a continued upward trend? Let's talk after it breaks down. Right now, we're just stuck in a box, repeatedly testing, it's killing me. Waiting to crash to 87,000 to buy the dip, and then you'll be shouting about a 50% cut again. Bitcoin is not moving, what are other coins worth? The short positions are ready, just waiting for that shot at 89,500.
View OriginalReply0
MoodFollowsPricevip
· 12-29 02:04
Bitcoin is starting to drag again; it really can't break through 88,000, which is a bit nerve-wracking. We have to wait for it to figure things out on its own.
View OriginalReply0
VCsSuckMyLiquidityvip
· 12-29 02:03
0.2% increase? Is that called a rally? Bro, your market description is way too gentle. It's just a trap, waiting for short positions to enter... Bitcoin still needs to fluctuate a bit more. This range is repeatedly rubbing, so boring, when will it break out? 89500 just pushes back for a correction? Alright, I bet it will break through. When Bitcoin sneezes, Ethereum catches a cold. Look at how it's being taken care of.
View OriginalReply0
  • 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)