Bitcoin is currently reported at 88,813.5, with the price stabilizing near the recent low of 88,412.8 after pulling back from the high of 90,440. The 4-hour level shows a fluctuating bottoming structure. The MACD bearish momentum bars continue to narrow, and the price is operating above the lower Bollinger Band, indicating that the bearish strength is gradually weakening, with a short-term technical rebound demand.
The current key support is located in the range of 88,400–88,600, where this position coincides with recent lows and the psychological integer barrier, forming an important defense line for the bulls. The initial resistance above is in the range of 89,200–89,400, and a breakthrough will retest the pressure of the 90,000 integer barrier.
It is recommended to try going long near the current price of 88,800 with a light position, or to gradually lay out long positions in batches when pulling back in the range of 88,500–88,700, with strict stop-loss below 87,800, targeting 89,500–90,000. If there is a significant breakthrough at 89,500, one can increase the position accordingly.
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ETHUSDT
Perp
3,137.29
+1.67%

BTCUSDT
Perp
89,461.1
+0.28%
