Bitcoin has recently experienced significant fluctuations. In the short term, Bitcoin may retrace to around 902 to seek support, which is a good long opportunity. The area around 890 is a strong support zone, and in extreme cases, it may touch 899, but the probability of a breakdown is low.
The key point to watch is above 910—if it cannot hold tonight, combined with the death cross formed by the 5-day and 10-day moving averages, the short-term market may enter a stalemate. Conversely, once it stabilizes above 910, the upside potential becomes more promising. Simply put, consider going long at this level, as the upward space is relatively larger.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin has recently experienced significant fluctuations. In the short term, Bitcoin may retrace to around 902 to seek support, which is a good long opportunity. The area around 890 is a strong support zone, and in extreme cases, it may touch 899, but the probability of a breakdown is low.
The key point to watch is above 910—if it cannot hold tonight, combined with the death cross formed by the 5-day and 10-day moving averages, the short-term market may enter a stalemate. Conversely, once it stabilizes above 910, the upside potential becomes more promising. Simply put, consider going long at this level, as the upward space is relatively larger.