#美联储降息 Bitcoin's recent move is quite interesting. The drop yesterday directly broke the support at 88k, finally stabilizing around 85k. The key question now is—can the rebound hold steady? Is there a possibility of forming a bottom here?
In the short term, a rebound from 85k is indeed a good sign. But how far this rebound can go remains to be seen. Looking upward, 88k is the first hurdle. As long as $BTC can regain above 88k, there is hope for a renewed rally and the formation of a solid bottom. Otherwise, the rebound might just be a false alarm. The main thing to watch is whether the rebound's strength is sufficient.
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GateUser-4745f9ce
· 23m ago
Can we get past this 88k hurdle? It really determines our fate.
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Still hesitating at 85k, I don't think the bottom is likely to be established.
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If the rebound strength is like this, how can we possibly break out? Uh.
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Haven't we seen enough of these fake-out plays? Just wait and see.
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Only when we re-establish above 88k will there be hope. It's too early to say anything now.
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Just want to know how long this rebound can last. Feeling a bit exhausted.
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If 88k doesn't break, then any bottom is just an illusion.
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The key is whether this rebound has enough strength; otherwise, it will fall again.
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It feels like 88k is the real watershed.
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quietly_staking
· 12-16 04:01
85k is really a critical level; a breakdown would directly crush confidence.
If we can't rebound above 88k, I think we still need to fall.
Is this another fake-out? The rebound this time is a bit weak.
Bottoming out will take several months; don't expect a V-shaped recovery tomorrow.
The Fed rate cut theme has played out; now it's all about what the candlestick charts say.
Anyway, I already bought the dip below 85k; now it's just a matter of whether it can hold steady.
That 88k barrier gets hit every time, it's exhausting.
Short-term rebounds are meaningless; the key is how high we can go by the end of the year.
Rebounds that lack strength are all lies; you can't endure more than 48 hours.
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LiquidationWatcher
· 12-16 03:52
ngl this 85k bounce better hold or we're gonna see some nasty liquidations cascade... been there, lost that back in 2022 and it wasn't pretty
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fomo_fighter
· 12-16 03:40
85k rebound really can't hold steady, stop selling the top now
#美联储降息 Bitcoin's recent move is quite interesting. The drop yesterday directly broke the support at 88k, finally stabilizing around 85k. The key question now is—can the rebound hold steady? Is there a possibility of forming a bottom here?
In the short term, a rebound from 85k is indeed a good sign. But how far this rebound can go remains to be seen. Looking upward, 88k is the first hurdle. As long as $BTC can regain above 88k, there is hope for a renewed rally and the formation of a solid bottom. Otherwise, the rebound might just be a false alarm. The main thing to watch is whether the rebound's strength is sufficient.