Bitcoin dropped sharply this morning, hitting the 87000 line with significant volume. Although some funds are trying to bottom out, the market sentiment indicators are still hovering at freezing point. The pressure from large holders continuing to sell has not eased, and buyer confidence remains insufficient.
The next trend is likely to be a weak rebound + wide fluctuations. The price may first test the resistance area around 88200-89177, but if the trading volume does not keep up, it will probably have to pull back and consolidate between 86542 and 88200.
Overall judgment: The rebound strength will not be too strong, and it will be difficult to stabilize above 89192 in the short term; the weak trend is temporarily hard to change.
Operational strategy reference: consider a light position shorting in the 88200-89000 range, targeting 86542 and 85292, with a stop loss above 89300.
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MeaninglessGwei
· 22h ago
87000 drops and people want to bottom fish again. Wake up, everyone; the whales are still offloading.
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If the volume can't keep up, it's a joke. Rebound to 89000 is the best you can hope for.
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It's the same old short setup again. Every time they say they're lightly positioned, but end up losing badly.
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BTC is really weak this time; feels like it still needs to go lower.
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Will we see 86542 or not? That's the real question.
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The market is truly at a freezing point; no exaggeration. Sentiment is already dead.
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88200-89000? I don't believe you for a second. Looks like there's more downside.
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Why are there always people daring to bottom fish at this level? Truly admirable courage.
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PretendingToReadDocs
· 12-03 12:59
No one really dares to catch the falling knife at 87,000. With such heavy selling pressure from the big players, it feels like we'll have to keep grinding at the bottom at this pace.
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LayerZeroHero
· 12-02 06:31
Trading Volume verification whether this wave is a real Rebound or a trap, only real test data can speak...
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fren.eth
· 12-01 02:56
87000 get dumped means Large Investors are dumping trash, how much strength can this Rebound have... if 88200 can't be broken, just keep grinding.
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WhaleWatcher
· 12-01 02:42
Did 87000 just get dumped like that? Large Investors are really dumping crazily.
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I don't believe in rebounds that can't keep up with the volume; most likely it will still need to grind back.
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You're right about the 89192 level; it definitely won't hold in the short term; that's how weak markets are.
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I'll remember my Light Position short order for now, see you at 86542.
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It feels like this wave is just a repetitive whipsaw, not much new.
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With such heavy selling pressure from Large Investors, who still dares to catch a falling knife?
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The 88200-89000 range is indeed a good entry point, let's give it a try.
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AirDropMissed
· 12-01 02:32
It has plummeted again, I really can't understand this wave.
Large investors are really ruthless, still not stopping after smashing down to 87000.
Can the 88200 level really hold? I'm a bit uncertain.
The short order is indeed tempting, but I'm afraid of a reverse smash.
The trading volume is still too weak, this rebound is not reliable.
Going down below 86500 is the real bottom.
Above 89000 is the ceiling, don't expect to break through in the short term.
#数字资产市场观察 $BTC market data observation:
Good morning! Everyone 👋
Bitcoin dropped sharply this morning, hitting the 87000 line with significant volume. Although some funds are trying to bottom out, the market sentiment indicators are still hovering at freezing point. The pressure from large holders continuing to sell has not eased, and buyer confidence remains insufficient.
The next trend is likely to be a weak rebound + wide fluctuations. The price may first test the resistance area around 88200-89177, but if the trading volume does not keep up, it will probably have to pull back and consolidate between 86542 and 88200.
Overall judgment: The rebound strength will not be too strong, and it will be difficult to stabilize above 89192 in the short term; the weak trend is temporarily hard to change.
Operational strategy reference: consider a light position shorting in the 88200-89000 range, targeting 86542 and 85292, with a stop loss above 89300.
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