The 80,000 level has been repeatedly tested, and short-term market momentum is shrouded in bearish sentiment. The market has entered a tug-of-war between bulls and bears, making it especially important to determine whether support will hold and prices will stabilize. After testing a low of 79,100 last week, the market made a modest rebound, but the move did not gain enough momentum to continue. The market is now probing lower again. The bottoming process is clearly not over, and the price action has yet to establish genuine support.
The key to finding a bottom is identifying strong support. Based on the overall market picture, 79,000 remains strong short-term support. After the market came under pressure this morning and broke below 80,000, it seemed intent on testing this level. From a technical perspective, after probing the lower range, the overall momentum at this stage remains relatively strong. Given this price structure and its momentum, I remain firmly bullish—the key is simply to enter near support.
Long Bitcoin in the 79,500–79,000 range; target: 82,000
Long Ethereum near 2,300; target: 2,370
#股票财报季 $BTC #美国下周将公布Q3GDP和9月PCE $ETH
The key to finding a bottom is identifying strong support. Based on the overall market picture, 79,000 remains strong short-term support. After the market came under pressure this morning and broke below 80,000, it seemed intent on testing this level. From a technical perspective, after probing the lower range, the overall momentum at this stage remains relatively strong. Given this price structure and its momentum, I remain firmly bullish—the key is simply to enter near support.
Long Bitcoin in the 79,500–79,000 range; target: 82,000
Long Ethereum near 2,300; target: 2,370
#股票财报季 $BTC #美国下周将公布Q3GDP和9月PCE $ETH
