Bitcoin is showing interesting technicals right now. Here's the setup:
If BTC closes above $89.3k, we're looking at a potential max move upward. Between $89.3k and $87.6k, the bias stays bullish—this is your buffer zone. Drop below $87.6k though, and we're probably retesting lower support levels again.
Overall the picture looks pretty solid. Market sentiment-wise, this could be that most-hated rally nobody saw coming that kicks off tomorrow. When most traders are skeptical, that's often when the real moves happen. Keep eyes on these levels—they'll tell the story.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin is showing interesting technicals right now. Here's the setup:
If BTC closes above $89.3k, we're looking at a potential max move upward. Between $89.3k and $87.6k, the bias stays bullish—this is your buffer zone. Drop below $87.6k though, and we're probably retesting lower support levels again.
Overall the picture looks pretty solid. Market sentiment-wise, this could be that most-hated rally nobody saw coming that kicks off tomorrow. When most traders are skeptical, that's often when the real moves happen. Keep eyes on these levels—they'll tell the story.