The current market range remains stable, and it is important to stick to the range-bound trading logic. Until key resistance is broken, adopt a dual-direction approach of buying low and selling high. On the 1-hour chart, last night’s price dipped into the core support zone, triggering a surge in buy orders at low levels and halting the decline, causing the market to shift into consolidation. At this stage, the market shows alternating fragmented K-lines, narrowing fluctuations, decreasing trading volume, and balanced buying and selling forces, entering a period of consolidation. Consolidation and rest are preparation for trend initiation, with firm core support and accumulated volume laying a solid foundation for upward movement. Bitcoin: around 90000-89500 supports, with additional support at 89000; targets at 91000-92500.
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The current market range remains stable, and it is important to stick to the range-bound trading logic. Until key resistance is broken, adopt a dual-direction approach of buying low and selling high. On the 1-hour chart, last night’s price dipped into the core support zone, triggering a surge in buy orders at low levels and halting the decline, causing the market to shift into consolidation. At this stage, the market shows alternating fragmented K-lines, narrowing fluctuations, decreasing trading volume, and balanced buying and selling forces, entering a period of consolidation. Consolidation and rest are preparation for trend initiation, with firm core support and accumulated volume laying a solid foundation for upward movement. Bitcoin: around 90000-89500 supports, with additional support at 89000; targets at 91000-92500.