BTC has indeed tested the support near 88k as analyzed last week! Now let's see how strongly it can rebound from this area and whether it can rise robustly to the resistance level above.

Looking at the four-hour chart, it can be seen that it rebounded exactly at the 88k support zone, and this position is also the lower support of the parallel channel trend. Next, we will focus on two resistance levels: first watch 94k, then the major resistance area at 98k.