The recent Bitcoin trend has been oscillating back and forth within a range. Although the sentiment has not completely dissipated, there has been no formation of a one-sided trend. The price is consolidating within the box range, bouncing between the upper and middle bands. Currently, the monthly chart is about to close, and since the weekend is approaching in the next couple of days, my view remains that focusing on range-bound trading is sufficient, and there is no need to pursue a major breakout.
From a technical perspective, two key levels should be closely monitored. The resistance above is at the 90500 level, which must be effectively defended; if a clear breakout occurs, the market structure will change. The support below is in the 87500 to 86000 range, and both levels are equally important.
Based on this approach, the trading plan for tonight is as follows: initially, take a small short position at 89500. If the price moves upward, add to the short position gradually, with an initial target of 87800. After the market pulls back, look for an opportunity to enter long positions. The entire process should focus on buying low and selling high within this range, avoiding chasing a one-sided trend.
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GasBandit
· 3h ago
No trading on the weekend—that's the right way. I've just been scared off by chasing orders recently.
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SignatureCollector
· 3h ago
Looks like the old trick of buying high and selling low again. Do you still dare to chase orders on the weekend? I don't believe it.
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ApeDegen
· 4h ago
The market is just like this—buy high and sell low, don't overthink it.
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degenwhisperer
· 4h ago
It's starting to consolidate again, and this is when human nature is truly tested. Saying "buy low, sell high" is easy, but in reality, who isn't dealt a bad hand when actually trading?
The recent Bitcoin trend has been oscillating back and forth within a range. Although the sentiment has not completely dissipated, there has been no formation of a one-sided trend. The price is consolidating within the box range, bouncing between the upper and middle bands. Currently, the monthly chart is about to close, and since the weekend is approaching in the next couple of days, my view remains that focusing on range-bound trading is sufficient, and there is no need to pursue a major breakout.
From a technical perspective, two key levels should be closely monitored. The resistance above is at the 90500 level, which must be effectively defended; if a clear breakout occurs, the market structure will change. The support below is in the 87500 to 86000 range, and both levels are equally important.
Based on this approach, the trading plan for tonight is as follows: initially, take a small short position at 89500. If the price moves upward, add to the short position gradually, with an initial target of 87800. After the market pulls back, look for an opportunity to enter long positions. The entire process should focus on buying low and selling high within this range, avoiding chasing a one-sided trend.