The big one is coming! $BTC is being pressed down by all moving averages like "Mount Tai"; the defense battle for 90,000 officially begins tonight!
BTC is being pressed down by bears under 90,000 tonight! The price is being held down by all moving averages (short, medium, long-term) like three great mountains, and the pattern has changed from "high-level volatility" to "clear weakness". Now, the price is struggling at the cliff edge of 89,880, with 91,150 as the "Gates of Hell" overhead. Tonight, will the bulls make a desperate counterattack to reclaim the moving averages, or will the bears push through 89,000 in one go? The defense battle for 90,000 USD officially begins!
Long Strategy:
1. If the price drops rapidly, touches the support at today's low of 89,400, and shows a clear "long lower shadow" or "single needle bottom", with trading volume shrinking and unable to fall further. You can try a long position near 89,500 with a very small position, aiming for a technical oversold rebound. Stop loss must be firmly set below 89,300. The rebound target is initially set at 90,500.
2. If the price unexpectedly surges with huge volume, breaking through 91,270 and stabilizing, showing that "whale" level funds are forcefully protecting the price. You can chase long with a very small position, targeting around 92,000. Set the stop loss below 91,000.
Short Strategy:
1. If the price rebounds to the 91,000 - 91,300 range, but fails to push higher, showing signs of stagnation and reversal. You can set up short positions near 91,100, which is a classic operation that complies with moving average pressure. Set the stop loss above 91,500.
2. If the price breaks down below today's low of 89,389.63 with volume, threatening the psychological level of 89,000. You can follow up with a light short position, targeting 88,500 downwards. Set the stop loss above 89,500.
3. If the price is weakly oscillating between 89,500-90,500 and is unable to stand above 90,500. You can set up short positions near 90,300 at the upper edge of the consolidation range, betting on a long consolidation leading to a drop. Set the stop loss above 90,800.
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