The recent market has been quite interesting. BTC has been oscillating around 88,000 for 3-4 days. It's been half a month since we've seen such a continuous trend like over the weekend. Whether it can rally again this afternoon really depends on the situation.
From a technical perspective, the support around the 8-figure level remains quite solid. Many are waiting for a clear breakout signal—either a definitive upward stabilization or a test of lower levels. Currently, this range-bound oscillation is essentially the market brewing a direction.
The performance of ETH is even more worth paying attention to. As the second-largest coin, it often reflects the market's risk appetite. If Bitcoin can hold steady, ETH will follow closely; conversely, if the market faces pressure, altcoins will be hit hardest.
Anyway, set proper stop-losses and avoid being shaken out by volatility. Wait for that event or data point that can drive the market, which often appears suddenly during a seemingly calm moment.
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.
13 Likes
Reward
13
5
Repost
Share
Comment
0/400
NeonCollector
· 16h ago
The 88,000 has been oscillating for so long that it was washed out early. Now watching the show is the most comfortable.
View OriginalReply0
DataOnlooker
· 16h ago
Waiting for another breakthrough signal. These 8xx levels have held for a long time with no movement. I'm already numb.
View OriginalReply0
ReverseFOMOguy
· 16h ago
88000 has really been stuck at this level for a long time, it's frustrating.
ETH still depends on Bitcoin's performance; that's the reality.
Waiting for an event? Instead of waiting, it's better to just run. I'm serious.
It's both stop-loss and waiting, it sounds exhausting.
Actually, right now it's just a gamble on the next move; no one really knows.
View OriginalReply0
MeltdownSurvivalist
· 16h ago
88000 this damn place is really exhausting, feels like repeatedly harvesting leeks.
If ETH can't keep up with the rhythm, it's over. This is truly a test of mentality.
View OriginalReply0
NFTRegretter
· 16h ago
88000 has been oscillating for so long, it feels like we're just waiting for a trigger, who will give it a push?
The recent market has been quite interesting. BTC has been oscillating around 88,000 for 3-4 days. It's been half a month since we've seen such a continuous trend like over the weekend. Whether it can rally again this afternoon really depends on the situation.
From a technical perspective, the support around the 8-figure level remains quite solid. Many are waiting for a clear breakout signal—either a definitive upward stabilization or a test of lower levels. Currently, this range-bound oscillation is essentially the market brewing a direction.
The performance of ETH is even more worth paying attention to. As the second-largest coin, it often reflects the market's risk appetite. If Bitcoin can hold steady, ETH will follow closely; conversely, if the market faces pressure, altcoins will be hit hardest.
Anyway, set proper stop-losses and avoid being shaken out by volatility. Wait for that event or data point that can drive the market, which often appears suddenly during a seemingly calm moment.