Bitcoin is currently at 89000, and it is no longer just an ordinary support level, but rather the dividing line between bulls and bears on the monthly chart, as well as the position of the middle line of the Bollinger Bands.
In other words, this level carries too much market psychology and technical significance. Looking at the recent market, the fluctuations are frequent and the pullbacks are intense,
the market sentiment is tense, and every touch feels like testing the patience of retail investors.
89000, whether this line can hold, directly determines the next movement.
If it stabilizes and rebounds here,
short-term bulls still have a chance to come back,
market confidence can be restored,
and there is a possibility of a turnaround in this round of rising.
But if it falls below completely——
then it could be difficult to say.
Even gods may find it hard to save the situation,
the bears may take the opportunity to crush all the way,
with lower supports continuously breached,
retail accounts shaken to pieces.
Operation is very critical:
Do not blindly chase highs near 89000, nor panic sell,
first observe the reaction to confirm whether the support is effective.
Short-term low buying, reducing positions, and setting stop-losses,
is the prudent strategy.
What retail investors fear the most is not the decline,
but the chain losses caused by misaligned operations.
Many people feel the urge to blindly chase when Bitcoin approaches a key line,
but once it breaks down, the cost of chasing highs is directly swallowed.
This line is a dual test of psychology and technique.
Whether the bulls can hold it determines how long the market can last;
Whether the bears can break through determines how deep the pullback can be.
So, pay attention to key positions,
patiently observe, look for opportunities in the contest between bulls and bears,
and never just focus on the numbers; pay attention to sentiment, volume, and rhythm.
Now I have come out, how about you?
Ask yourself, are you willing to be a retail investor for life? Or do you want to be the one who laughs last?
The carp jumps over the dragon gate👉@顶级交易员阿逸 it’s better to take action than just feel excited
Continue to pay attention: $ZEC $FHE $XNY $BOB $ORCA $IRYS $AKE $BANANAS31 $ARIA $YALA $RVV $MON $ARC $TRUST $MMT $TNSR $DYM $BEAT $MYX $NIL $DUSK $AIA $ETH $BTC $SOL $BNB $XRP $DOGE $XAN
