Bitcoin Latest Market Analysis + Support and Resistance Levels Sharing!!! #BTC $BTC

🦅 Fishfin Afternoon Market Review: Weekend decline retest, 88,600 support line is in danger!
Latest Situation Recap (Deep chart analysis):
Rally then fall back: From the chart, BTC failed to stabilize after reaching 91,194 (green label high on the chart), then started a smooth one-way downtrend. The red box area (729.0) indicates that bearish momentum is being released.
Approaching the city walls: The price is now precisely retesting the green support line (88,659.8) on the chart. This is the “last line of defense” now. If broken, the price will directly test the 88,000 integer level or even the previous low of 87,209.
Weak indicators: MACD is operating below the zero line, with the fast and slow lines opening downward, indicating that the current decline has no clear sign of reversal. Lack of incremental funds over the weekend, market shows “bulls are struggling to resist.”
1. Support and Resistance Levels (Fishfin Precise Version)
🟢 Short-term support (1-3 days, intraday/Monday morning)
88,500 - 88,660: Immediate support. Clearly marked green support line on the chart. Currently, the price (88,762) is hovering above this line. If it holds in the afternoon, a small rebound is possible.
88,113: Previous spike low point. The bottom area of the “divine spike” on January 21.
87,209: Ultimate iron bottom (double bottom expected). The absolute low of this correction cycle. If the main force wants to create a big double bottom, this is the limit.
🔵 Medium-term support (1-2 weeks, swing)
86,000: 50-day moving average lifeline.
84,500: Bottom of the large cycle box.
82,000: Fibonacci retracement 0.618 level.
🔴 Short-term resistance (1-3 days)
89,444: Core resistance (Target 1). The yellow target line on the chart. Previously support, now broken, becomes the first “cap” for rebounds.
90,184: Strong resistance (Target 2). The yellow resistance line above on the chart.
91,194: Recent high point. The top of this rebound cycle.
🟠 Medium-term resistance (1-2 weeks)
92,500: Trend reversal confirmation point.
94,500: Previous historical high area.
96,431: All-time high before history.
2. Overall Analysis and Best Entry Strategy
Overall view: The current price at 88,762 is in the “support test during downtrend continuation” stage.
Bearish logic: After peaking at 91k, the highs are decreasing (Lower High), and the price just broke below the 89,444 midline. The current inertia is downward, and rebound shorts are trend-following.
Bullish logic: Although the trend is weak, 88,600 is a chart support, and below that, the big bottom of 87,209 is very close. The risk-reward ratio is appropriate, suitable for left-side positioning, aiming for a “double bottom” rebound.