The general trend of BTC is still showing a strong upward trend, but the market is currently facing another test of the 90,000 pressure level. In this critical price range, as long as the price of Bitcoin can remain firmly below 92,000 points, I will remain vigilant about the buying strategy.
Taking the exchange at night as an example, the area of 90,000 to 90,500 will be our focus. If there is an unsuccessful breakthrough in this area, it is like the market is sending an obvious signal, and you can consider decisively choosing to chase the short position, that is, selling.
In the price fluctuations, it seems that there are two invisible hands playing a game. On the one hand, there is the power of buyers, who are trying to push up prices to break through the 90,000 level; on the other hand, there are sellers, who are looking for any opportunity to break through the loss. This silent confrontation and trade-off is constantly played out in every second of price jumps.
If this attempt to break through fails, it may be like opening a door to a decline. This does not mean that the market will collapse immediately, but such a signal may trigger more sell orders to enter the market, causing the price to gradually slide towards the support area of 85,000 points. This support area is one of the psychological defenses of the market and the focus of many investors and traders. If the price really falls to this area and is supported, then it will be an opportunity to buy.
To understand this trend more specifically, we can refer to recent historical data. In a price fluctuation not long ago, the BTC price did fail after several attempts to break through the 90,000 pressure level and eventually fell to around 88,000 points. In several previous tests, similar unsuccessful breakthroughs have also occurred many times.
In general, although the main trend of BTC is still rising, we also need to be cautious in dealing with the current pullbacks and challenges. The key is to observe the subtle changes in price dynamics and market sentiment, and find the best strategy to deal with this market.