Analyzing from the short-term hourly chart, the Bollinger Bands are narrowing, and the price is in the middle to lower band range, showing a pullback trend. A short-term resistance level is forming around 87500. Although the price rebounded after touching the bottom around 85700, multiple long upper shadows have appeared above, indicating significant upward pressure. If it is difficult to break through the key resistance level of 88000 in the short term, there is a high probability that the market will retract again. Therefore, it is not recommended to blindly chase the price to go long; one must guard against the risk of downward price movement. Key resistance levels to focus on are 88000 and 87500, as well as the support level at 85500.


Bitcoin morning short-term suggestion, around 87500 resistance, target 85500. Ethereum 2030 resistance target 19800 1928374656574839201
BTC0,08%
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