The price is hovering around 88,215, having recently dropped from a local high of 89,081 to a low of 87,600. Here is an expert breakdown of the current technical setup and the recommended strategies.

## Technical Analysis (30-Minute Chart)

Current Trend: The chart shows a sharp "V-shaped" recovery attempt after a massive sell-off. However, the momentum has stalled, forming a series of smaller red candles. This suggests that the "bounce" is meeting resistance.

Key Support: 87,600 (the recent wick low). If this breaks, the next major psychological support is at 85,000.

Key Resistance: 89,155 and 90,000. Bitcoin needs to close several candles above 89,200 to confirm that the bears have lost control.

Market Sentiment: The "Extreme Fear" index (currently at 20) and the order book (showing 64% "Ask" or selling pressure) indicate that the market is leaning bearish in the short term.

## Next Strategies & Trade Plan

Depending on your risk tolerance, here are the two most common expert-level strategies for this specific chart pattern:

1. The Conservative Strategy (Wait for Confirmation)

Action: Do not enter a trade yet.

Trigger: Wait for the price to either break above 89,200 with high volume (Long/Buy) or break below 87,500 (Short/Sell).

Why: Currently, the price is in "no man's land." Trading here is essentially a 50/50 gamble.

2. The "Scalping" Strategy (Short-Term)

Long Entry: If price touches 87,800 again and bounces, enter a small long.

Stop Loss: 87,500

Take Profit: 88,800

Short Entry: If price reaches 88,900 but fails to break the previous high of 89,081.

Stop Loss: 89,300

Take Profit: 87,800