After Bitcoin broke through the $80,000 mark, the previously repeatedly mentioned resistance level at $89,500 failed to hold after several attempts, and it looks like it can't break through. My prediction is that next week we are likely to see BTC fall below $80,000.
It's not just Bitcoin; the same logic applies to Ethereum and various altcoins—the current strategy should be to plan for a decline, rather than trying to catch the bottom immediately. Honestly, sometimes it takes a long time to fully understand a trading logic—like this bearish outlook. It took me two or three hours to thoroughly grasp the logic behind the $89,500 resistance level. Now that the strategy is confirmed, we should wait for the bottom to appear before considering any entry.
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HashBard
· 11h ago
ngl the 89500 resistance reads like a tragic narrative arc... market's been playing the same verse over and over, just can't break through the ceiling. patience is literally the only meta that works here tbh
Reply0
BTCWaveRider
· 11h ago
89,500 can't be broken through, just wait and see if it breaks below 80k
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The logic I came up with in two or three hours, I don't believe you haha
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Starting to tell stories again, will boast again next week
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Repeated testing of the resistance level, indeed need to adjust the thinking
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Buying the dip, it's easier said than done
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Are you so sure it can fall below? How to determine the bottom
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Whether the logic makes sense or not, the market decides
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Waiting to watch the show, I haven't moved anyway
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89,500 is really a tough barrier, I agree
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Talking as if it's going to crash, stop scaring people
View OriginalReply0
CoconutWaterBoy
· 11h ago
If 89,500 can't be broken, then accept it. This time, a real adjustment is coming. Don't follow the crowd and buy the dip to your blood loss.
View OriginalReply0
GasFeeCryBaby
· 11h ago
89500 this level is really a bit stubborn, it feels like a breakdown is imminent.
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I'm also pondering a bearish outlook, but I always feel like something is missing.
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It takes two or three hours to figure out a logic, that's putting in effort.
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I've heard "don't bottom fish" many times, but I still want to bottom fish.
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Let's wait until the bottom, no rush anyway.
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Repeated attempts at the resistance level have failed, this time it really looks like a breakdown.
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How altcoins move, how Bitcoin drops, can't be avoided.
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Think through the logic before taking action, there's no problem with that.
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Breaking 80,000 would be troublesome, it feels like a wave of decline is coming.
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I'm a bit tempted by this short opportunity, but I still need to wait for a signal.
View OriginalReply0
MetaMaximalist
· 11h ago
nah the resistance narrative is getting stale tbh... everyone and their grandma saw 89.5k coming from a mile away. what's actually interesting is the *protocol sustainability* angle nobody's discussing—like, we're obsessing over price action when the real innovation arbitrage is happening at the infrastructure layer. but sure, short the dump if that's your thesis i guess
After Bitcoin broke through the $80,000 mark, the previously repeatedly mentioned resistance level at $89,500 failed to hold after several attempts, and it looks like it can't break through. My prediction is that next week we are likely to see BTC fall below $80,000.
It's not just Bitcoin; the same logic applies to Ethereum and various altcoins—the current strategy should be to plan for a decline, rather than trying to catch the bottom immediately. Honestly, sometimes it takes a long time to fully understand a trading logic—like this bearish outlook. It took me two or three hours to thoroughly grasp the logic behind the $89,500 resistance level. Now that the strategy is confirmed, we should wait for the bottom to appear before considering any entry.