After making a small dip to 895, the price has been consolidating at the 90,000 level all afternoon. You can see that the trading volume throughout the day has been extremely sluggish. Everyone is still waiting to see the US stock market's direction. Currently, both sides are engaged in a battle at the 90,000 level. For the bullish side, there are spot buy orders below 90,000. There are current sell walls below, waiting to exhaust the short-term sellers' momentum. Once there is positive news or strong buy orders coming in, it will be easy to test the 91,000 and 92,000 levels. In terms of strategy, a volume breakout and a firm hold above 90500 could be a signal to consider long positions, targeting 92,000. Currently, direct buying is not feasible; either the price drops below 87600 to return near 90,000 for a bounce, or it rebounds to around 92,500, which could present a buying opportunity.
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After making a small dip to 895, the price has been consolidating at the 90,000 level all afternoon. You can see that the trading volume throughout the day has been extremely sluggish. Everyone is still waiting to see the US stock market's direction. Currently, both sides are engaged in a battle at the 90,000 level. For the bullish side, there are spot buy orders below 90,000. There are current sell walls below, waiting to exhaust the short-term sellers' momentum. Once there is positive news or strong buy orders coming in, it will be easy to test the 91,000 and 92,000 levels. In terms of strategy, a volume breakout and a firm hold above 90500 could be a signal to consider long positions, targeting 92,000. Currently, direct buying is not feasible; either the price drops below 87600 to return near 90,000 for a bounce, or it rebounds to around 92,500, which could present a buying opportunity.