Bitcoin's short-term oscillation pattern continues, with the current price range showing obvious consolidation characteristics, but trading volume performance is not ideal, and bullish and bearish divergences still exist.
From a technical perspective, the key resistance levels are in the $88,500 to $89,500 range. Once Bitcoin's price can effectively break through this level with increased volume, the probability of a continued push above $90,000 will significantly increase.
On the downside, support levels are set at the $86,000 to $86,800 range. If this price level is effectively held, the rebound space will be relatively sufficient; otherwise, a break below warrants caution.
Overall, the current market remains in a wait-and-see phase, and waiting for trading volume to cooperate is key. Breaking above resistance or falling below support will provide clearer directional signals.
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ImpermanentSage
· 8h ago
The trading volume is so poor, still just sideways trading with that "hey-hey" attitude, I'm really tired of it.
Let's wait until the volume picks up; for now, it's just a psychological game.
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BrokenYield
· 8h ago
volume's been dead for weeks tbh... smart money clearly waiting it out rn
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GateUser-e19e9c10
· 8h ago
Another stagnant market that doesn't move at all in the middle, so annoying.
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AlwaysQuestioning
· 8h ago
Trading volume is the key; without volume, any breakout is meaningless.
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FantasyGuardian
· 8h ago
You're just messing around again, the trading volume isn't cooperating at all. What's the point of watching?
Bitcoin's short-term oscillation pattern continues, with the current price range showing obvious consolidation characteristics, but trading volume performance is not ideal, and bullish and bearish divergences still exist.
From a technical perspective, the key resistance levels are in the $88,500 to $89,500 range. Once Bitcoin's price can effectively break through this level with increased volume, the probability of a continued push above $90,000 will significantly increase.
On the downside, support levels are set at the $86,000 to $86,800 range. If this price level is effectively held, the rebound space will be relatively sufficient; otherwise, a break below warrants caution.
Overall, the current market remains in a wait-and-see phase, and waiting for trading volume to cooperate is key. Breaking above resistance or falling below support will provide clearer directional signals.