BTC Market:

Market Review:

The price of Bitcoin has significantly broken through resistance points above in yesterday's price movement. The upward momentum from the recent rally is still quite strong. After the chips at the bottom have risen, the pullback space has already shrunk. There are signs of a potential breakthrough at the critical level of 90,000. What we need to focus on is the resistance level above. After the previous high point retreated, it compensated for the significant drop in the chip area from earlier. We should now look at the overall market's consolidation strength at high-level selling pressure positions.

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Market Technicals:

From the K-line shapes of the main chart indicators, we can see that there is significant selling volume at 89,000, which is a strong resistance level. The daily price chart has not shown multiple tests at the bottom, indicating the importance of another attempt to hit 90,000. Therefore, we need to pay attention to this level. If it can break through or stabilize, reaching 100,000 is not a dream. We should also consider the small-level price chip area between 86,600-86,000, which is a strong support level, suggesting to set up long positions near this area to follow the trend with BTC 1207.

Bitcoin: Long positions can be placed at the 86,600-86,000 level during the rebound, with a risk control of 600. The target is to watch for 87,500 - then 89,800, and reconsider whether to short at this position.

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