For the long positions of 88200-87700, there is currently a space of 1500 points, take it into your own hands, and I will send new strategies tonight!!

The current daily chart shows a converging triangle, with the gradual decline of the highs and the slow rise of the lows clearly reflecting the repeated struggle between bulls and bears in a narrow space. Each upward test of 94500 has failed, depleting the short-term momentum of the bulls, but at the same time, the buying support below has shown resilience. This structure typically does not continue indefinitely; a final breakout requires external catalysts or a sudden internal change in volume to break the balance.

From a macro liquidity perspective, although interest rate cut expectations remain, actual interest rates are still high, and the cost of funds is not low. From a sentiment perspective, the market, after experiencing a rapid rise in the previous round, needs time to digest profit-taking, and the willingness of new funds to enter at this position seems hesitant. Therefore, in the absence of unexpectedly positive drivers, the trend is more likely to choose the path of least resistance, continuing the converging oscillation, trading time for space, rather than forcing a breakout upwards.

At the end of the converging pattern, price fluctuations may further narrow, making trend-following strategies prone to repeated damage. A more pragmatic approach is to:
Reduce leverage to avoid being washed out in narrow fluctuations.
Adopt a range-thinking strategy, looking for stabilization signals to take small long positions at the lower edge of the triangle 90500-91500, and reduce positions or attempt shorting when resistance signals appear at the upper edge 94000-94500, strictly setting stop-losses.

Maintain ample ammunition and wait for the market to ultimately choose a direction before considering to follow the trend.

For short-term operations, buy in the support range of 88200-87700, which is the lower boundary of the channel, with a stop-loss at 86700 and a target of 89600-91000!

Remember, in the cryptocurrency world, information asymmetry is the line between life and death. Follow Brother Niu, and transform from a retail investor into a wise investor. @牛哥说趋势
#加密市场观察 #BTC走势分析