The afternoon session shows a choppy state, with both bulls and bears evenly matched, and no clear one-sided trend yet. What to do in this situation? Range trading becomes the main strategy—selling short at the upper resistance level, buying long at the lower support level, and profiting from the price fluctuations.



From a technical perspective, $BTC is likely to surge first and then decline today. The upper resistance is around 89300; hitting this level may cause a stall. The strong support below is at 88000, which is not only a chart level but also a psychological barrier for retail investors.

What exactly to do? If the price rebounds near 89300 and shows signs of stagnation, consider entering short positions. Conversely, if it pulls back to 88000 and shows a sign of stopping the decline, a small long position could be tried. Basically, wait for the market to make its own choice; we just need to position ourselves at key levels.
BTC0,36%
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ImpermanentPhobiavip
· 01-05 08:49
This tension is really intense, I'm already getting sleepy... 88000-89300, let's just grind it out, anyway, I'm just wasting time.
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CafeMinorvip
· 01-03 18:41
The standoff continues, with 88-89300 bouncing back and forth, retail investors are exhausted.
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CryptoCross-TalkClubvip
· 01-02 09:34
Friction between 88,000 and 89,300. I keep saying this thing is like a comic skit, repeating the same punchline back and forth, and the punchline is long gone.
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CompoundPersonalityvip
· 01-02 09:33
The range between 88,000 and 89,300 has been bouncing around for a long time, it's pointless... Let's wait until a breakout happens to decide.
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TradFiRefugeevip
· 01-02 09:27
89,300 is the signal when it stalls, where is the retail investors' psychological defense line at 88,000?
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BridgeTrustFundvip
· 01-02 09:16
The area around 89,300 is indeed a bottleneck, and retail investors' psychological defense line at 88,000 is also holding firm. Range-bound friction is truly the only way to survive in this kind of market.
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VitalikFanAccountvip
· 01-02 09:13
A sideways market can also be profitable; it all depends on whether you're willing to trade in waves.
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