$BTC $ETH The current Bitcoin price trend shows that the bullish momentum has shown signs of fatigue. From a trend cycle perspective, the EMA20 moving average still maintains a bearish arrangement. The key resistance range is located around 86447-86720, which has now been broken through. According to the principle of following the major trend and countering the minor trend, one may wait for this round of upward momentum to weaken, and look for short opportunities when a clear bearish candlestick pattern appears. It should be noted that the price may pull back and test around 88078, and if this level is broken, one should remain cautious and focus on the non-farm payroll data provided in the evening.