Bitcoin’s current price is already around 86,630—yet the headline says “Breaking through May’s high, approaching $86,000,” which is a bit behind the curve.
I’m not chasing the price higher. There are two reasons: first, the May daily high was actually 82,850 on May 6. This level was already reclaimed a few days earlier; on September 21 it even touched 87,395. Now it’s hovering around 86,000—it feels more like digestion after a breakout, not like just starting out. Second, the Fear & Greed Index is still in the “Greed” zone (alternative.me, 71). The futures funding rate is roughly 0.0038%. Long sentiment isn’t cold, so if you chase at the current price, you may get pulled back.
If you want to enter, wait for a pullback to 85,500–86,000 and go long with a small position. First target: retest around today’s early high near 86,800, then look for 87,300. If it breaks below 85,100 (around the low from the past 24 hours), cancel this long setup.
Personal view—manage your own position.
$BTC
#Bitcoin Breaking Through May’s High, Approaching $86,000
I’m not chasing the price higher. There are two reasons: first, the May daily high was actually 82,850 on May 6. This level was already reclaimed a few days earlier; on September 21 it even touched 87,395. Now it’s hovering around 86,000—it feels more like digestion after a breakout, not like just starting out. Second, the Fear & Greed Index is still in the “Greed” zone (alternative.me, 71). The futures funding rate is roughly 0.0038%. Long sentiment isn’t cold, so if you chase at the current price, you may get pulled back.
If you want to enter, wait for a pullback to 85,500–86,000 and go long with a small position. First target: retest around today’s early high near 86,800, then look for 87,300. If it breaks below 85,100 (around the low from the past 24 hours), cancel this long setup.
Personal view—manage your own position.
$BTC
#Bitcoin Breaking Through May’s High, Approaching $86,000