Thursday Night Bitcoin and Altcoin Strategy

Bitcoin's daily chart remains in a downward channel since October's high, suppressed by multiple moving averages. The MACD remains in a bearish crossover, continuing to diverge downward. After spiking to 90,336 yesterday, it experienced a "gap down," closing with a long upper shadow bearish candle, highlighting the resistance at the 90,000 level.

Strong support is seen in the 85,000-85,500 range, which is not only near yesterday's low of 85,278 and the 61.8% Fibonacci retracement level but also supported by on-chain buy orders. The hourly RSI quickly rebounded from oversold territory, indicating a technical correction is needed.

Short-term resistance is focused on the 88,000-89,000 range, which is both a mid-range pressure level from previous consolidation and under the suppression of a 4-hour moving average death cross. Without increased volume, a rebound is unlikely to break through.

Evening Trading Strategy:
Bitcoin retracing to the 85,500-86,000 range, target 87,500, with an upward view toward 89,000.

Altcoin retracing to the 2,780-2,800 range, target 2,900, with an upward view toward 2,980.