The recent sharp fall of Bitcoin in the early market is indeed quite severe, directly crashing to around 97000. However, if we look calmly, the overall upward channel is still intact. As long as this structure is maintained, the pullback is an opportunity.
On the technical side, the MACD histogram has been consistently in the red and is still extending, while the moving average system on the four-hour level is also very healthy – the short moving average has crossed above the long moving average, which is a typical bullish arrangement. Under this pattern, the price is likely to continue to rise.
Here’s the operational idea for you: consider placing long positions in the range of 87000 to 86500, with targets set at 90000, 95000, and 98000. Remember, as long as the channel is not broken, there's hope.
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GateUser-6bc33122
· 14h ago
This wave of sell with bearish market is indeed frightening, but as long as the channel is not broken, there is still hope.
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Gm_Gn_Merchant
· 14h ago
87000 is a bit precarious, afraid to break and directly avoiding it.
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MergeConflict
· 14h ago
I have been lying in ambush at position 87000 for a long time, just waiting for this wave to get dumped. The channel really hasn't broken, brother.
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SneakyFlashloan
· 14h ago
97000 is indeed a bit tricky, but I still see the logic of long positions arrangement; as long as the channel doesn't break, I will continue to hold on to long positions.
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RadioShackKnight
· 14h ago
I already bought the dip at 87000, just waiting to see if it can rebound to 98.
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ForkThisDAO
· 14h ago
97000 get dumped, it hurts, but looking at the chart, there is indeed still hope, the golden cross pattern on the short moving average is really strong.
If the channel can't break, just continue to make money, I've already lying in ambush at 86500.
This MACD pump is a bit fierce, there might be some fluctuations later, we need to guard the stop loss, bro.
If this wave can really rise to 98, we will be very happy.
Sounds reliable, but who really dares to guarantee anything in the crypto world? It’s still best to watch the market yourself.
The recent sharp fall of Bitcoin in the early market is indeed quite severe, directly crashing to around 97000. However, if we look calmly, the overall upward channel is still intact. As long as this structure is maintained, the pullback is an opportunity.
On the technical side, the MACD histogram has been consistently in the red and is still extending, while the moving average system on the four-hour level is also very healthy – the short moving average has crossed above the long moving average, which is a typical bullish arrangement. Under this pattern, the price is likely to continue to rise.
Here’s the operational idea for you: consider placing long positions in the range of 87000 to 86500, with targets set at 90000, 95000, and 98000. Remember, as long as the channel is not broken, there's hope.