BTC Life and Death Zone! 87200-86800 is the lifeline of rise and fall, will it rebound to 90000 or drop to 84500?
BTC is currently consolidating after a pullback, testing a key trend line, and this range will directly determine the short-term trend direction, with the whole network closely watching this round of long-short game!
At present, the market's core focus is on the strong support zone of 87200-86800, which is crucial. As long as BTC can hold this range steady, the short-term bullish momentum will definitely warm up, initiating a rebound market, with the target directly aiming for the high range of 89000-90000.
On the contrary, if it loses the support level of 86800, the bearish force will be fully released, and downward pressure will be maximized, with a high probability that the price will test the low support zone of 85500-84500. The current market situation is just a strong adjustment phase and does not represent a complete trend reversal.
It should also be noted that market liquidity remains low during the holiday, and price fluctuations at this node will be more intense than usual! Overall, this is just the main force testing the market's strength, not a real direction confirmation.
Will BTC be able to sustain the rebound, or will it face a deep correction? What is your prediction? Feel free to discuss in the comments!
