Currently sharing whether Bitcoin can bottom out at this position? Many will say to bottom out at 80k. From a technical perspective, Bitcoin will likely oscillate around the 95 range in the near term. As for the possibility of bottoming out at 880 or 885, there is some likelihood. If the market rebounds and continues to dip, then 890 may be our opportunity to bottom out.
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In the short term, Bitcoin will oscillate around the 950 range. The amplitude of oscillation may be large, but overall there is not much change in trend. The 95 position is also a watershed, making it difficult for many retail investors to grasp the direction and follow the trend correctly.
The 4-hour moving average for Bitcoin is still showing a dead cross diverging downwards. The short-term resistance is at the last high point around 94,500, and the moving average resistance has now shifted down to around 930. Therefore, if next week there is a strong breakout and it stabilizes above 955-960, only then might Bitcoin truly turn bullish; otherwise, it will continue to oscillate, and bulls will lack further confidence in rising.
The U.S. stock market is closed today. Currently, Bitcoin is shorting around the 940-945 range. If the market rebounds, consider adding short positions around 955, and watch for a breakdown below 925 to see 915.
Ethereum rebounds at 3380-3400 to short, target 3280, stop loss at 3450.
Focus on the trading system of 90, avoiding ambiguous analysis, focusing on key points. The last two followers to reach 1k within a week will receive a 1k reward, announced with a screenshot: $BTC
