#比特币 The key lesson from this Bitcoin correction is the 10,000 USDT zone. This is a common pattern in Bitcoin's single-sided upward trend, with room for a correction. Currently, to prevent the market from spiraling out of control, a quick rebound is needed to end the single-sided decline. Rapidly defining a sideways consolidation range, the first resistance level for this quick rebound is around 91,300. The price has been oscillating around the 90,000 mark for some time. The fluctuation range is about 4 points. This is a rapid shakeout within a large range. Overall, the market is relatively weak, with no effective support bottom at the moment, requiring further validation to confirm the support level. Trading contracts should be approached with caution.
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.
#比特币 The key lesson from this Bitcoin correction is the 10,000 USDT zone. This is a common pattern in Bitcoin's single-sided upward trend, with room for a correction. Currently, to prevent the market from spiraling out of control, a quick rebound is needed to end the single-sided decline. Rapidly defining a sideways consolidation range, the first resistance level for this quick rebound is around 91,300. The price has been oscillating around the 90,000 mark for some time. The fluctuation range is about 4 points. This is a rapid shakeout within a large range. Overall, the market is relatively weak, with no effective support bottom at the moment, requiring further validation to confirm the support level. Trading contracts should be approached with caution.