Recently, Bitcoin's price movement has been quite interesting. The price has been oscillating around the 88,100 level, seemingly breaking through at first glance, but a closer look reveals it's all just tricks—standard baiting for longs and shorts playing out in turn.
Here's my simple take: a breakout above 88,100 doesn't necessarily mean an uptrend has begun. This level is very easy for the big players to use as a scythe. So my advice is to watch more and act less, especially to guard against being lured into more longs again. When can we truly go long? Only when the price breaks above 88,100 and can hold steady.
The actual movement looks like this—around the US stock market open, the market seems to hit fast-forward, either suddenly surging or crashing, with volatility escalating rapidly. This isn't a market comfortable for retail traders to participate in. From the rally after the US stock market opened last night, although the price was pushed up, it ultimately fell back by half. Can it continue to rise now? That's a question mark.
So, the current situation is like this: even if the price appears to break above 88,100 and seems to stabilize, don't rush to be optimistic, because signs of correction are still there. As long as it doesn't fall below 88,100, the bulls still have a chance; once it drops back down, the bulls are in danger.
From the perspective of the big players' logic, this sideways consolidation is a game of high selling and low buying. After last night's surge that directly touched the upper boundary of the range, will there be another downward move next? That's the key area we need to focus on now. From a time and space perspective, market changes are in the details, and we need to keep observing and waiting.
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StakeOrRegret
· 5h ago
It's the same old trick of诱多 again, 88100 is really annoying.
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LightningLady
· 13h ago
It's another trap, 88100 is like a curse
Is one more诱多 not enough? Keep waiting
The US stock market opens as if possessed, retail investors can only watch
I'll laugh if it drops back to half, the main force really knows how to play
As long as it doesn't break below 88100, there's still hope, but I no longer believe it
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CryptoDouble-O-Seven
· 16h ago
The 88100 line has really become a scythe harvesting field, luring investors multiple times. It's a story of retail investors' blood and tears.
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GasFeeTherapist
· 16h ago
Damn, it's the same old trick again, swinging the sickle so smoothly.
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Deconstructionist
· 16h ago
It's the same old trick of诱多, the 88100 line is really quite magical.
The sickle hasn't fallen yet, don't rush to get in.
The US stock market started going crazy right at the open, retail investors can't bottom fish at all, this market is really not suitable for us.
Still the same saying, stand firm and then talk, if it breaks below, just give up.
Look at the details, the main force loves to play this kind of sideways trading with high throw and low buy.
This sprint was only halfway through before they chickened out, can it continue to rise? Big question mark.
Wait and see, don't move, the signals for adjustment are already on the way.
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SelfRugger
· 16h ago
It's the same old trick of诱多 and诱空 again, I'm really tired of it.
View OriginalReply0
gas_fee_therapist
· 16h ago
It's the same old trick of诱多 and诱空, the 88100 line has been played out
The main force's scythe really never ends, retail investors moving at this time are basically just giving away money
The US stock market exploded right at the open, retail investors like us simply can't keep up with the rhythm
I laughed when it fell back to half, isn't that what a breakout is supposed to be
If it doesn't break 88100, you can still buy the dip; once it falls below, the bulls are truly finished
This sideways movement is just high selling and low buying, it's so satisfying to see the range face off
Looking at the details is pointless, the main force's tricks are endless, watching more and acting less is the truth
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OnchainFortuneTeller
· 16h ago
The 88100 line is really just a repetitive grind
Playing the same old tricks of诱多 again, the same old套路
Still, it depends on whether we can hold steady, or else we'll get cut again
Recently, Bitcoin's price movement has been quite interesting. The price has been oscillating around the 88,100 level, seemingly breaking through at first glance, but a closer look reveals it's all just tricks—standard baiting for longs and shorts playing out in turn.
Here's my simple take: a breakout above 88,100 doesn't necessarily mean an uptrend has begun. This level is very easy for the big players to use as a scythe. So my advice is to watch more and act less, especially to guard against being lured into more longs again. When can we truly go long? Only when the price breaks above 88,100 and can hold steady.
The actual movement looks like this—around the US stock market open, the market seems to hit fast-forward, either suddenly surging or crashing, with volatility escalating rapidly. This isn't a market comfortable for retail traders to participate in. From the rally after the US stock market opened last night, although the price was pushed up, it ultimately fell back by half. Can it continue to rise now? That's a question mark.
So, the current situation is like this: even if the price appears to break above 88,100 and seems to stabilize, don't rush to be optimistic, because signs of correction are still there. As long as it doesn't fall below 88,100, the bulls still have a chance; once it drops back down, the bulls are in danger.
From the perspective of the big players' logic, this sideways consolidation is a game of high selling and low buying. After last night's surge that directly touched the upper boundary of the range, will there be another downward move next? That's the key area we need to focus on now. From a time and space perspective, market changes are in the details, and we need to keep observing and waiting.