Looking back at the afternoon market, BTC stabilized at the 87800 level. As we approached the evening, BTC experienced a slight pump, with an upward space of nearly 1000 points, reaching a maximum of 89000 before stopping for a pullback. The long order for BTC we set up at midday directly took profit with an gain of nearly 800 points. The current price is around 88600.
From the market perspective, Bitcoin stabilized at the 87800 level in the afternoon and steadily moved up, reaching a high of 89000 USD in the evening. Although it encountered resistance and slightly pulled back, it still held steady around 88600, indicating strong support from long order buying. Currently, the price remains in the high range after the pump, exhibiting a strong consolidation pattern. The 4-hour moving averages show a bullish divergence, and both MACD and RSI indicators support a short-term bullish trend.
If it can hold above 88500 at night, there is a chance to test the key resistance at 89000 again. Once broken, it will open up space towards the 90000-91000 range. In terms of operations, one can pay attention to stabilization opportunities in the 88300-88500 area. The overall trend is still mainly a fluctuating rise, but attention should be paid to the strength of pressure near 89000, and risk control should be well managed.
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Looking back at the afternoon market, BTC stabilized at the 87800 level. As we approached the evening, BTC experienced a slight pump, with an upward space of nearly 1000 points, reaching a maximum of 89000 before stopping for a pullback. The long order for BTC we set up at midday directly took profit with an gain of nearly 800 points. The current price is around 88600.
From the market perspective, Bitcoin stabilized at the 87800 level in the afternoon and steadily moved up, reaching a high of 89000 USD in the evening. Although it encountered resistance and slightly pulled back, it still held steady around 88600, indicating strong support from long order buying. Currently, the price remains in the high range after the pump, exhibiting a strong consolidation pattern. The 4-hour moving averages show a bullish divergence, and both MACD and RSI indicators support a short-term bullish trend.
If it can hold above 88500 at night, there is a chance to test the key resistance at 89000 again. Once broken, it will open up space towards the 90000-91000 range. In terms of operations, one can pay attention to stabilization opportunities in the 88300-88500 area. The overall trend is still mainly a fluctuating rise, but attention should be paid to the strength of pressure near 89000, and risk control should be well managed.