Bitcoin yesterday touched the downward trend line and neckline resistance zone and was pushed back, failing to break through. It is now stuck at the blue daily downtrend position, entangled there for the time being.
From the current pattern, the price is oscillating within the range of 83,800 to 89,800, roughly in the middle. In simple terms, neither bulls nor bears have a clear direction, and the probability is basically a 50/50 chance, similar to a game of luck.
If you want to catch the bottom, you can try near the 83,700 level; if you're optimistic about the subsequent trend, wait until the price breaks above 89,800 before taking action. If it falls below 82,400, then you should accept the loss and exit. Overall, it's better to wait for the market to give a clear signal; entering now is a bit of a gamble.
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DustCollector
· 8h ago
Eh, I was beaten back again, and this pressure level is too hard
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AllInAlice
· 8h ago
The 50-50 market trend is the most annoying; it's better to just sleep and lie flat.
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ZeroRushCaptain
· 8h ago
Is 55/45 just a gamble? My withdrawal card has long been retired, haha. Anyway, I was right to enter the market, and you're right to exit.
Bitcoin yesterday touched the downward trend line and neckline resistance zone and was pushed back, failing to break through. It is now stuck at the blue daily downtrend position, entangled there for the time being.
From the current pattern, the price is oscillating within the range of 83,800 to 89,800, roughly in the middle. In simple terms, neither bulls nor bears have a clear direction, and the probability is basically a 50/50 chance, similar to a game of luck.
If you want to catch the bottom, you can try near the 83,700 level; if you're optimistic about the subsequent trend, wait until the price breaks above 89,800 before taking action. If it falls below 82,400, then you should accept the loss and exit. Overall, it's better to wait for the market to give a clear signal; entering now is a bit of a gamble.