BTC Sideways consolidation, key levels for bulls and bears closely monitored!
BTC is trading sideways in the range of 93080 to 90155. The upward movement at 93080 has been blocked multiple times due to insufficient funds; the downward probe at 90155 has been supported by buying pressure on two occasions. In the absence of new funds or news to break the balance, it is expected to continue oscillating, with weekend trading volume likely to be weak, further reinforcing this trend.
In one sentence: If the range is not broken, it will move sideways; if it breaks, the trend will come.
Bullish Strategy:
· Key support is in the 90155-90400 range. If a pullback occurs to this level with decreasing volume and a long lower shadow, it indicates strong buying support, which is a signal to enter. · After stabilizing at 90800, the bulls will regain control of the rhythm, with the first target at 91800 and a strong outlook above 92300. · Remember: don't chase the highs, wait for a pullback to stabilize before adding more.
Short Strategy:
· The core pressure is between 92000-92350, with 93080 as strong resistance. When the price approaches this area, if there is a stagnation in the upward trend, longer upper shadows, and a decrease in volume, it indicates a signal of exhaustion. · At this point, a short position can be entered, with a pullback target of 91000-91200. If it falls below 90500 and the rebound is weak, the bearish trend will strengthen, potentially testing the 90155 level or even the 90000 mark.
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BTC Sideways consolidation, key levels for bulls and bears closely monitored!
BTC is trading sideways in the range of 93080 to 90155. The upward movement at 93080 has been blocked multiple times due to insufficient funds; the downward probe at 90155 has been supported by buying pressure on two occasions. In the absence of new funds or news to break the balance, it is expected to continue oscillating, with weekend trading volume likely to be weak, further reinforcing this trend.
In one sentence: If the range is not broken, it will move sideways; if it breaks, the trend will come.
Bullish Strategy:
· Key support is in the 90155-90400 range. If a pullback occurs to this level with decreasing volume and a long lower shadow, it indicates strong buying support, which is a signal to enter.
· After stabilizing at 90800, the bulls will regain control of the rhythm, with the first target at 91800 and a strong outlook above 92300.
· Remember: don't chase the highs, wait for a pullback to stabilize before adding more.
Short Strategy:
· The core pressure is between 92000-92350, with 93080 as strong resistance. When the price approaches this area, if there is a stagnation in the upward trend, longer upper shadows, and a decrease in volume, it indicates a signal of exhaustion.
· At this point, a short position can be entered, with a pullback target of 91000-91200. If it falls below 90500 and the rebound is weak, the bearish trend will strengthen, potentially testing the 90155 level or even the 90000 mark.