1. Short-term trend:

• Bitcoin has found support around 78,500 and has temporarily confirmed a stop in decline after breaking the downward trend line.

• The current price fluctuates between 78,500 and 88,500, with 88,500 being an important resistance level.

2. Mid-term trend:

• If the price can break and hold above 88,500, a bull market is expected to continue.

• If it fails to break 88,500 and continues to decline, 73,890 below is a good support level, and buying at this point can be considered.

Suggestions

• Short-term traders: Can conduct range trading between 78,500 and 88,500, paying attention to stop-loss and take-profit levels.

• Medium to long-term investors: Pay attention to the breakout situation at 88,500; if it breaks and holds, consider increasing positions; if it fails to break and continues to decline, look for buying opportunities near 73,890. #BTC $BTC