Yesterday's market rose to the 90,000 mark due to news and quickly retreated to around 85,200. Currently, it is fluctuating again near 86,500.
From the market perspective, the trend remains weak. Multiple stretches cannot escape the central range of 865-870. The repeated tests of support do not indicate a second bottoming pattern, but rather seem like signs of power accumulation for a breakout. The strong support at 85,000 will break down eventually. On the daily chart, the alternation of Yin and Yang shows a declining trend. It is believed that if it does not break through 88,000 above, it will need to break below 85,000. Therefore, the main focus in the short term remains on controlling rebounds.
Control in batches at 86,800-87,200 and 87,800.
Looking down at 85,500-85,200 and 84,500.
BTCUSDT
Perp
85,507.9
-0.60%