Recent movements are mostly shakeouts, with bulls and bears frequently tugging, showing no clear dominance. Although there was a strong decline last Friday and yesterday, the direction remains uncertain. The price dropped to 87,000, encountered resistance, and rebounded. Since falling to around 80,000 on the 20th of last month, it has been gradually oscillating and rebounding, forming a flag pattern correction zone. This is a continuation pattern in a downtrend, and the overall long-term outlook remains pessimistic.

In the short term, the market is moving within a correction channel. Yesterday’s decline touched the channel’s lower support. The opening surge of 2,000 points this morning set the tone for intraday movement, with a sharp rebound establishing the baseline. The fundamentals have not changed significantly, and the intraday trend is expected to continue rebounding.

It is recommended to buy near 89,000-88,500, with targets at 91,600 and 93,500. If broken, the next target is 95,000. #美联储降息 #广场发帖领$50 #Gate11月透明度报告出炉 #BTC #ETH