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Today is December 29th, 11:00 AM. The price is currently at 89,696, showing a strong upward trend, Bitcoin.
Bitcoin latest market analysis + support and resistance levels share!!! #BTC $BTC
🔥 Monday opening: strong breakthrough, 88,000 becomes the floor
Latest situation:
Weekly close is strong: After a weekend of low-volume climb, BTC chose to break upward in Monday’s early trading (Asian session). The current price firmly stands above 89,000, marking the end of last Friday’s “false breakout” shadow.
Pattern transformation: The 88,000 - 88,200 zone has completed a key “top-bottom reversal.” Last week, it was a ceiling that heavily constrained the bulls, now it has become the most solid defensive floor for the bulls.
Current logic: The rally on Monday morning usually indicates the main tone for the week. Since the opening price stabilized above 89k, the main capital’s intention is very clear—aiming for the 90,500 watershed. As long as it does not fall back below 88,200 intraday, the trend remains bullish.