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Gate Square New & Returning Creator Rewards are ongoing!
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Bitcoin Latest Market Analysis + Support and Resistance Levels Sharing!!! #BTC $BTC
🌙 Sunday Night Market Analysis: Consolidating at high levels, waiting quietly for Monday to change the trend
Latest Situation:
Consolidation at high levels: Compared to midday’s 91,388, BTC has experienced a slight pullback, currently fluctuating around 91,100. This is a normal profit-taking and repositioning after breaking through the 90,000 level.
Strong Defense: Although there is a pullback, the price has not fallen below the short-term support of 90,800, let alone touched the 90,000 integer level. This indicates that the bulls’ support is very strong, and the market is refusing a deep correction.
Monday Effect: In a few hours (Monday morning), the Asian market will open first, followed by institutional funds returning. Usually, Sunday night is a period of false moves, where the main players might first dip down to clear out high-leverage long positions before a genuine rally.