Is there still hope for BTC to rebound? What is the bottoming point for BNB in the bear market? Can fans' coins still be bought?


Currently, BTC is in a terrible market, fluctuating back and forth. Whether in spot or futures markets, liquidity is extremely scarce. A few days ago, I mentioned that the $60,000 level is a phase bottom, followed by a downward consolidation zone.
I also said this is similar to the first wave of BTC's downward trend, after a sharp drop from 116,000 to 80,000. During the 3-4 week correction period, it rebounded up to 20%. The rebound from the 60,000 level corresponds to around 72,000.
A couple of days ago, BTC rebounded from 60,000 to a peak of 72,200.
In the short term, I estimate this kind of fluctuation will become wider, perhaps dropping to around 59,000 or 58,000, then rising back to around 73,000 or 74,000. And so on, continuously sweeping stop-loss orders.
The so-called stop-loss sweep means targeting the stop-loss lines of many long or short futures contracts to cause price pinning in the spot market. This results in contract liquidation, forced stop-loss, and exit.
Therefore, for futures trading, short-term levels of 65,000 and 58,000–60,000 are two points worth betting on for medium- to long-term long positions, with a slightly larger stop-loss. The upside target is 72,000; only if this level holds can we challenge the key resistance at 75,000.
BTC-3,53%
BNB-5,23%
View Original
post-image
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.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
FatYa888vip
· 1h ago
Hold on tight, we're about to take off 🛫
View OriginalReply0
Discoveryvip
· 2h ago
Buy To Earn 💎
Reply0
Discoveryvip
· 2h ago
2026 GOGOGO 👊
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)