$BTC The market has entered a consolidation phase after experiencing significant volatility, with both bulls and bears reaching a temporary balance at the current position. The sideways pattern is expected to continue until the price breaks through the effective volume breakout of the $88,500-89,000 resistance zone or falls below the $86,500-87,000 support zone. Traders should pay attention to the breakout of the boundary levels and make decisions based on the trading volume during the breakout. Currently, it is recommended to buy low and sell high within the range or wait for a clear direction before following the trend.
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.
$BTC The market has entered a consolidation phase after experiencing significant volatility, with both bulls and bears reaching a temporary balance at the current position. The sideways pattern is expected to continue until the price breaks through the effective volume breakout of the $88,500-89,000 resistance zone or falls below the $86,500-87,000 support zone. Traders should pay attention to the breakout of the boundary levels and make decisions based on the trading volume during the breakout. Currently, it is recommended to buy low and sell high within the range or wait for a clear direction before following the trend.