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Recently, Bitcoin has been under pressure, with the lowest touching the 91200 level. From a technical perspective, the 4-hour Bollinger Bands middle line has already broken below, which usually indicates a potential short-term further decline. The support around 90500 is an important defensive level and a key position to defend.
However, from the daily chart perspective, the rebound has not yet fully developed, which means that a pullback to the 89000-90000 range could instead serve as a better entry point. The bottom characteristics initially formed in this price zone are conducive to the subsequent rebound.
Technical operation suggestions: The 89000-90000 range is suitable for long positions, with the target above around 95000. At the same time, 87100 serves as the lower defense line and requires close attention. Overall, at this stage, it is important to be cautious of downside risks while also preparing for rebound opportunities.
Everyone's waiting to buy at 89000, I think it's unlikely
Can the 87100 level hold? I really don't have much faith
Once 87,100 breaks, there's really no hope. Let's wait and see.
What happened to the promised 95,000? Can it reach that level this wave?
I just bought the dip yesterday, and it dropped another 500 bucks. My mental state almost collapsed.
Rebound opportunity? I think the chance for a rebound is still quite slim.
Buying long at 89,000 is really tempting, just see if it can hold above 87,100
The Bollinger Bands are broken, still dare to call for a rebound? That's a bit exciting
The daily chart hasn't reacted yet, why is it pushing down?
Is 95,000 just around the corner? Don't get your hopes up, let's see
If it hits 87,100, it's game over, really?
What is the lowest price this dip will reach? Feels like a fake-out
Long positions are mentally exhausting, should I cut losses or hold on?
That 87100 level must hold, or else I'm really going to be eating dirt.
A rebound? Let's wait and see. I'll first see how low it can go.
The Bollinger Bands are broken, and they're still talking about a rebound—that's funny. This time, I need to stay calm.
95000? Forget it. First, save my life, then think about making money.
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Waiting for a rebound? I’m afraid it’s unlikely, brother
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Can this wave really rebound after dropping to 89000, or will it continue to bleed?
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It’s the same bottom at 89000 again, just like last time
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Bollinger Bands broke below, so it will keep falling, nothing more to say
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95000? I doubt it, let’s first hold at 90500
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Isn’t 87100 the real bottom? Why change it to 89000 again?
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Anyway, it’s all about a 50% cut, whether you enter early or late, you’ll lose
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If you have money, definitely buy the dip at 87100, but the problem is, I don’t have any
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Is this really the last drop? Please, I beg you
Wait, can 89,000 really hold? Feels like 87,100 is the real bottom.
Will this rebound come... feeling a bit anxious.
The Bollinger Bands breaking below doesn't necessarily mean it will keep crashing, it's just annoying to watch.
95,000? Dream on, first stabilize at 90,500.
Every time they say the support level is good, it gets broken, it's ridiculous.
Maybe we should wait for 89,000 to enter, anyway, if it goes down, it goes down.
This bottom feature sounds pretty reliable, but I still have some doubts.
At this point, still fussing over technicals, better to see how the market is doing.