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Bitcoin sharply surged from around 86,350 in the morning, once touching the 88,000 level, but then encountered obvious resistance and quickly pulled back. It’s clear that the resistance level above is very strong, and the bullish momentum has already significantly weakened. Currently, there are no strong signals indicating a breakthrough of the resistance.
Based on this trend, the recent trading strategy should still focus on shorting at high levels. It is recommended to look for suitable shorting opportunities around the 88,500-89,500 range. If the short positions are successfully established, the key profit-taking zone can be focused on the 85,000-86,000 area below.
Of course, this is just a general judgment. In actual trading, adjustments should be made according to real-time market conditions. Never insist on a single direction blindly. Grasping the right timing for each entry and exit is the key to success. Especially in this kind of volatile market, risk management should always come first.