Bitcoin's recent market movement, let's discuss the possible future trends and the risks to watch out for.



From the daily chart perspective, it has been oscillating for nearly two months within a wide range of 84,000 to 94,000 points. The weekly chart has broken through the original channel but also formed a demand zone. Both levels have key positions worth paying attention to: 9.4 and 9.9, one possibly indicating a low-level start, and the other helping to judge market strength.

Specifically, 8.9 is a recent key point for upward attack and defense. Breaking through this level could lead to testing around 9.85, with confirmation signals at 9.29. But the biggest trap here is—there's a high chance of a false breakout near 9.85, which can scare traders with a fake move.

Therefore, from a short-term trading perspective:
Support levels are at 8.9 and 8.7
Resistance levels are at 9.29 and 9.45

Combining the oscillation range on the daily chart with these key levels, the two structural turning points on the daily and short-term charts are the real trading points. Focus on fake break behaviors near the expected target zones.

For spot holders, there's no need to fuss; stick to your established plan. Once the target is reached, go ahead and act—don't wait.
BTC1.72%
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failed_dev_successful_apevip
· 6h ago
9.85 Did I fall into this trap last year? Are we doing it again?
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PaperHandSistervip
· 6h ago
It's that old trick of fake break-ins again. There must be many people falling for it every time.
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SerumSquirtervip
· 6h ago
9.85 over there is just a fake break, the market loves this trick
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StableNomadvip
· 6h ago
ngl, the 9.85 fake-out scenario is literally what happened back in the luna days... watched smart money get liquidated there twice. support at 8.9 looks solid statistically speaking, but honestly? don't catch falling knives waiting for confirmation signals at 9.29.
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BlockBargainHuntervip
· 6h ago
Fake break this routine is back again, always acting around 9.85, so tired.
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Web3Educatorvip
· 7h ago
ngl the fake breakout trap at 9.85 is literally what got half my students rekt last cycle... *adjusts glasses* here's the pedagogical insight: market structure isn't about hitting targets, it's about understanding behavioral patterns. tbh the 8.9 hold is your real tell tho
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ZenZKPlayervip
· 7h ago
Fake breaks are really a scam; I keep falling into the pit here every time.
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