#美国就业数据表现强劲超出预期 Bitcoin repeatedly struggles around $85,600. During the early hours of Beijing time, the bears are indeed gaining strength.

After reaching the target of $90,000 earlier, according to the trading plan, it’s better to lock in profits first—sell half of the position, and let the rest run. If it can hold at $85,000 upon pullback, there’s no need to rush to escape. The problem is that currently, the order book favors the bears, and breaking below $85,000 is quite possible. In this case, your stop-loss must be executed strictly.

From the daily chart, the price is bouncing between $90,360 and $86,125. The EMA system is still expanding, with the 15-day EMA sliding down to $89,500. The resistance level of the box is still at $94,200, and the bottom at $85,000 precisely corresponds to the Fibonacci retracement level of 0.786—this level is quite interesting. The MACD volume is shrinking, and the DIF and DEA lines have already crossed downward, indicating a clear bearish signal. Coupled with the quick plunge after a rally, focus on the Bollinger Bands lower band at $85,950 as support. If you haven't entered yet, consider waiting until the price effectively breaks below the lower Bollinger Band before going long. The current short-term trading risk is too high.

On the four-hour chart, a nice hammer candlestick appeared, with the price once pressing against the EMA resistance at $90,185, then turning around and breaking through the moving averages. Although the MACD has not yet formed a death cross, the DIF and DEA lines are approaching each other. The key point is that as long as $86,000 can hold, the death cross won’t form, and bulls still have a chance to turn around. Focus on the $90,000 round number resistance above and the $85,200 support below.

The current situation is interesting—various indicators are signaling bearish, but the price has already fallen into the mid-line support zone, which is the best opportunity for bulls to counterattack. If you decide to go long, be sure to set your stop-loss properly—this is not optional, but a necessity. Let the market speak for itself.