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On Wednesday, Bitcoin's price action entered a consolidation phase, but the overall trend remains clear. From a technical perspective, the upward push is just a good opportunity to trap shorts, with the real resistance points still downward.
Observing recent movements, BTC has shown obvious resistance around the 88,000 level, and breaking below the support near 87,200 is also highly probable. This rebound appears more like a consolidation phase rather than a genuine reversal signal.
In trading, focus on the breakout situations of these two key levels. Once a breakout is confirmed, the subsequent downside potential is worth expecting. Of course, risk management always comes first; every trade should have a clear stop-loss plan. The market's biggest test is not prediction ability, but whether you can survive long enough.