Yesterday, Bitcoin's momentum weakened after a brief surge, with multiple tests of the upper resistance during the session failing. As emphasized recently, the signals of stagnation at high levels are clear. The strategy remains to focus on short orders as long as the rebound does not break key resistance, with a target looking towards around 83000. In the early morning, the market accelerated downward as expected, with the price accurately testing the 83000 level before halting the fall and rebounding, perfectly realizing the expected profits from the short orders. The overall trend once again validates the effectiveness of the resistance zone, and the market's short-term bullish sentiment remains suppressed.
The current market has formed initial support near 83000, and it is important to closely observe the stabilization situation in this area this morning. If the price can continue to hold this position with a mild increase in volume, it is expected to initiate a technical rebound at the hourly level. During the day, a light long position can be attempted, with a short-term target focusing on the 84800-85500 range. It should be noted that the larger cycle is still in a high-level oscillation structure. If the 83000 support is unexpectedly lost, it may further retrace to confirm around 81800. In terms of operations, it is recommended to proceed with short-term quick in-and-out strategies, with long positions strictly setting stop-losses below the support to avoid the risk of false breaks.
Short-term trading suggestions: Bitcoin is long around 83000, targeting around 84800; Ethereum is long around 1570, targeting around 1640.
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Yesterday, Bitcoin's momentum weakened after a brief surge, with multiple tests of the upper resistance during the session failing. As emphasized recently, the signals of stagnation at high levels are clear. The strategy remains to focus on short orders as long as the rebound does not break key resistance, with a target looking towards around 83000. In the early morning, the market accelerated downward as expected, with the price accurately testing the 83000 level before halting the fall and rebounding, perfectly realizing the expected profits from the short orders. The overall trend once again validates the effectiveness of the resistance zone, and the market's short-term bullish sentiment remains suppressed.
The current market has formed initial support near 83000, and it is important to closely observe the stabilization situation in this area this morning. If the price can continue to hold this position with a mild increase in volume, it is expected to initiate a technical rebound at the hourly level. During the day, a light long position can be attempted, with a short-term target focusing on the 84800-85500 range. It should be noted that the larger cycle is still in a high-level oscillation structure. If the 83000 support is unexpectedly lost, it may further retrace to confirm around 81800. In terms of operations, it is recommended to proceed with short-term quick in-and-out strategies, with long positions strictly setting stop-losses below the support to avoid the risk of false breaks.
Short-term trading suggestions:
Bitcoin is long around 83000, targeting around 84800; Ethereum is long around 1570, targeting around 1640.