Bitcoin seems to be in a consolidation phase. From a technical perspective, the probability of touching monthly highs or yearly lows remains significant.
Interestingly, the bottom support appears relatively weak—according to statistical data, there is a lack of effective signs of stopping the decline below. This means that once broken, it may be easier to fall into a deep correction.
Currently, BTC is oscillating within the range of $84K to $94K, and the direction is not yet clear. Most of the time, I prefer to be patient and avoid overtrading for now. As long as this range is not effectively broken, there are no good entry opportunities. Waiting for the price to show clear signals before following up would be more prudent.
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GateUser-cff9c776
· 6h ago
Schrödinger's Bull Market, current BTC is like Van Gogh's Sunflowers—no one truly knows how much it's really worth.
With such weak bottom support, if it drops, we'll just have to keep watching. The consolidation range from $84K to $94K is basically the market re-pricing its aesthetic value, so I'll just stay put and hold.
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NonFungibleDegen
· 6h ago
ngl ser this $84-94k range is lowkey suffocating me rn... probably nothing but feels like we're one bad candle away from getting absolutely rekt
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UnluckyLemur
· 7h ago
The bottom support is so weak, don't say I didn't warn you if it drops.
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ColdWalletGuardian
· 7h ago
Is the bottom support so weak? If it drops, what will it look like? I'm a bit anxious.
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PumpDoctrine
· 7h ago
The bottom support is so weak; it should have been obvious by now. We're still oscillating between $84 and $94. Isn't this just accumulating strength?
Bitcoin seems to be in a consolidation phase. From a technical perspective, the probability of touching monthly highs or yearly lows remains significant.
Interestingly, the bottom support appears relatively weak—according to statistical data, there is a lack of effective signs of stopping the decline below. This means that once broken, it may be easier to fall into a deep correction.
Currently, BTC is oscillating within the range of $84K to $94K, and the direction is not yet clear. Most of the time, I prefer to be patient and avoid overtrading for now. As long as this range is not effectively broken, there are no good entry opportunities. Waiting for the price to show clear signals before following up would be more prudent.