Bitcoin has recently dipped again, breaking through the support level of $87,000, and is currently finding a bottom near $85,000, starting a slight rebound correction. However, breaking through $88,500 won't be easy, as bears remain active near $89,000, and bulls need to overcome this resistance to continue upward.
If the price stabilizes above $89,350, the next challenge may be $90,000 or even $91,200 and $92,500. But if it can't hold above $88,500, a new decline may start, with the first support looking at $87,000 and the main support at $86,500. In short, Bitcoin is currently consolidating at a critical position, and both rebounds and declines could occur at any time, so operations should remain flexible. #BTC
