BTC's current price remains stable at the 89,000 level. There are two important lines on the technical chart that require close attention. The red resistance line above has been in effect, touching the price 6 times over the past 80 days without a successful breakthrough. This time could be the critical moment. Once it breaks through, a move towards the 94,000 to 95,000 range can be expected, followed by a proper correction.
Conversely, the yellow support line below is also very important. If this line is broken, the price could directly fall to around 80,000. So these two days are indeed a watershed, and the direction may be determined here.
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PhantomMiner
· 5h ago
The 89,000 level is really stuck; the red line has been pressing for so long. Is this time really a breakthrough or just another fake breakout?
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DAOTruant
· 5h ago
It's the 6th time and still can't break through. Is this really the very last time?
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89,000 is stuck; it feels like either it will directly take off to 94k or fall back to 80k, with no middle ground.
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The real danger is when the yellow line breaks; I’m not too worried about the red line.
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Wait, it touched 6 times without breaking? So why would it break this time? Overthinking it, right?
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The watershed has indeed arrived. We need to keep a close eye on it these days, or else when the market comes, I might miss it again.
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I doubt whether the 94-95 range can really be reached. Anyway, let’s see if it breaks the red line first.
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Can the 80k support line really hold? It feels like the whole community is counting on it.
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CommunityJanitor
· 6h ago
89000 positions for so long, feels like this time it's either breaking through or crashing down, no middle ground.
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MEVictim
· 6h ago
Already 6 times and still can't break through. Can it really work this time... Feeling like I'm about to get trapped again
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NFTBlackHole
· 6h ago
Six attempts and still not broken, is it really going to break this time? Feels like the wolf has cried wolf too many times.
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Should we respect the 80-day pressure line...
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Support broke and headed straight for 80, this market is panicking big time.
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It's another watershed, every day is a watershed.
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Red line, green line, yellow line, it really has become like traffic signals.
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Can 94-95 really be reached? Let's first hold the 89 and see.
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If the 80 support is lost, the rhythm will change.
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Breaking through means profit, falling below also has its reasons, how come both are considered correct?
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No matter how accurate the technical analysis, there are times it can fail; on-chain data still matters.
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This wave is either a surge or a plunge, the market has opened like a casino.
BTC's current price remains stable at the 89,000 level. There are two important lines on the technical chart that require close attention. The red resistance line above has been in effect, touching the price 6 times over the past 80 days without a successful breakthrough. This time could be the critical moment. Once it breaks through, a move towards the 94,000 to 95,000 range can be expected, followed by a proper correction.
Conversely, the yellow support line below is also very important. If this line is broken, the price could directly fall to around 80,000. So these two days are indeed a watershed, and the direction may be determined here.