Bitcoin has recently been testing within a wide range, with around 8650 forming the lower support, while the upper resistance is in the 89 to 905 range.



From the current market pattern, the primary strategy is to follow the main trend and focus on short positions. However, there is a key point—after multiple tests of the support levels, their effectiveness will gradually weaken, so watch out for the possibility of evolving into a one-sided trend.

The specific trading approach is: consider short positions when encountering the upper resistance zone, and consider long positions at the lower support levels. But after the holiday, a trend reversal is often likely, so be cautious of sudden one-sided movements breaking the current consolidation rhythm.

ETH's performance is also worth paying attention to, as it usually follows BTC's main trend, but the details may differ.
BTC-1,33%
ETH-0,32%
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NFTregrettervip
· 6h ago
8650 is about to be exposed again, this support level is becoming increasingly fragile. The most annoying part of the post-holiday market is the sudden one-sided move that leaves people stunned. Shorts should hold on, but watch out for a reversal. ETH is just like BTC in terms of momentum; the details are where the profit lies. This range-bound fluctuation requires steady hands.
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RuntimeErrorvip
· 6h ago
I find the 8650 support a bit shaky; testing it multiple times might just break it.
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MetaDreamervip
· 6h ago
The 8650 threshold has been broken through. Don't cry when the time comes.
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OnChainDetectivevip
· 6h ago
nah, watched 8650 get tested like 5 times already... transaction patterns suggest whales accumulating tbh. that support ain't weakening, it's *being defended*. suspicious activity detected there fr
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