These past few days, Bitcoin has been one word—boring. Fluctuating back and forth between 86,500 and 85,500, it’s really making people lose patience. Want to break through? It’s not that simple. Want to fall? It can’t go down that easily either.
Honestly, without breaking through the 86,500 barrier, any upward movement is meaningless. It must stabilize above this level to move higher; otherwise, the bullish story can’t continue.
The 85,000 level below has been tested twice and held. It sounds like a support level, but don’t be fooled. If it continues to trade sideways within this range without making new highs, the possibility of falling further and finding a bottom is quite high.
Tonight’s strategy is as follows: consider short positions around 86,500 to 87,500, targeting the 85,000 to 84,100 range. $BTC $ETH $BNB
The Federal Reserve’s policy and other major events are still influencing market rhythm, so short-term volatility is likely to continue.
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BottomMisser
· 6h ago
It's so boring, really. Bitcoin has been purely tormenting people these days. It can't even break through 86500, I see it's uncertain.
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SybilSlayer
· 12-16 11:03
It's so boring. Is it interesting to just sideways trade like this? Hurry up and break 86,500.
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Blockblind
· 12-16 10:50
If you can't break 86,500, you need to look for the bottom further down. It's been consolidating for so long, it's about time to move.
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NFTArchaeologist
· 12-16 10:43
It's the same sideways trading routine again, stubbornly refusing to move at 86,500, like a nail-bighting hold.
#美联储联邦公开市场委员会决议 Bitcoin Evening Market Analysis
These past few days, Bitcoin has been one word—boring. Fluctuating back and forth between 86,500 and 85,500, it’s really making people lose patience. Want to break through? It’s not that simple. Want to fall? It can’t go down that easily either.
Honestly, without breaking through the 86,500 barrier, any upward movement is meaningless. It must stabilize above this level to move higher; otherwise, the bullish story can’t continue.
The 85,000 level below has been tested twice and held. It sounds like a support level, but don’t be fooled. If it continues to trade sideways within this range without making new highs, the possibility of falling further and finding a bottom is quite high.
Tonight’s strategy is as follows: consider short positions around 86,500 to 87,500, targeting the 85,000 to 84,100 range. $BTC $ETH $BNB
The Federal Reserve’s policy and other major events are still influencing market rhythm, so short-term volatility is likely to continue.