From the daily chart perspective, Bitcoin has recently shown a bearish trend around 87300 USD, with multiple attempts to break through the key resistance level of 88500 USD failing effectively, indicating strong selling pressure in this area!
The current market has entered a relatively stable oscillation range, with key support to focus on at the 86500 dollar level!
If there is a significant breakout above the 88500 USD resistance level in the future, it is expected to open up upward space, with the next target looking towards the 91500—93000 USD range!
On the contrary, if it breaks below the support at 86500 USD, it may fall back to around 84000 USD for a bottom test! $BTC
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From the daily chart perspective, Bitcoin has recently shown a bearish trend around 87300 USD, with multiple attempts to break through the key resistance level of 88500 USD failing effectively, indicating strong selling pressure in this area!
The current market has entered a relatively stable oscillation range, with key support to focus on at the 86500 dollar level!
If there is a significant breakout above the 88500 USD resistance level in the future, it is expected to open up upward space, with the next target looking towards the 91500—93000 USD range!
On the contrary, if it breaks below the support at 86500 USD, it may fall back to around 84000 USD for a bottom test! $BTC