Bull-Bear Showdown 92000: $BTC Is it a rebound trap or the end of the correction?
Bitcoin tested the 92000 support precisely this morning and closed, bringing the market to a critical decision point. I pointed out two clear yet opposite paths: Red route: Rebound is a trap. If the rebound is blocked at 94500-95500 and then falls below the 91000-92000 range, it means the downtrend is officially confirmed. 97900 may become an insurmountable high before the Spring Festival. Blue route: Uptrend continuation. If the current movement is just a healthy correction within an uptrend and key support is maintained, there is a possibility of reaching new highs again this week, initiating a new round of upward attack. The smart money's strategy is “not certain, just respond”: hold spot positions to observe strength, and if a rebound structure appears, look for shorting opportunities; if the trend is strong, continue holding. Before the trend becomes clear, staying flexible is the only rule. When the market is fiercely battling for every percentage point, another form of value accumulation remains unaffected by short-term fluctuations — it does not predict red or blue, but moves forward with unwavering conviction.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bull-Bear Showdown 92000: $BTC Is it a rebound trap or the end of the correction?
Bitcoin tested the 92000 support precisely this morning and closed, bringing the market to a critical decision point. I pointed out two clear yet opposite paths:
Red route: Rebound is a trap. If the rebound is blocked at 94500-95500 and then falls below the 91000-92000 range, it means the downtrend is officially confirmed. 97900 may become an insurmountable high before the Spring Festival.
Blue route: Uptrend continuation. If the current movement is just a healthy correction within an uptrend and key support is maintained, there is a possibility of reaching new highs again this week, initiating a new round of upward attack.
The smart money's strategy is “not certain, just respond”: hold spot positions to observe strength, and if a rebound structure appears, look for shorting opportunities; if the trend is strong, continue holding. Before the trend becomes clear, staying flexible is the only rule.
When the market is fiercely battling for every percentage point, another form of value accumulation remains unaffected by short-term fluctuations — it does not predict red or blue, but moves forward with unwavering conviction.