After Bitcoin faced pressure at the 88400 line last night, the market fell back to the 86300 line to stop the decline, and subsequently the coin price recovered to return to the 87000 mark. Ethereum has not shown much volatility and is currently oscillating around 1580. The volatility base is not large, so grasp the market rhythm and find the right entry points.
From the current market situation, the bullish strength is strong, with the price rising sharply, breaking through multiple resistance levels, and climbing to around 88500, nearing the previous high. Although the short-term trend is strong, it has not yet successfully broken through the previous high, and a double-top pattern has formed above. Currently, whether on the daily chart or the 4-hour chart, the 88500 resistance level is considered a key point for opening up upward space. If successfully broken, the coin price is expected to further rise above 90000; if it fails to break through, a pullback trend is likely to occur. Therefore, before the price breaks the previous high, it is recommended to focus on a bearish strategy.
Bitcoin short at 88500-89000, target 87000
