In the early morning, Bitcoin briefly fell below $88,000, hitting a low near $87,500 before quickly rebounding to around $88,400. This movement confirms yesterday's long position layout logic, indicating that the key support area remains solid, and short-term selling pressure has been effectively digested. The long position in Bitcoin we established yesterday has also successfully realized nearly a thousand points of profit, with the current price around $88,300.
From a technical perspective, the price has found strong support in the $87,500-$88,000 range, forming a clear bottom-lifting structure. The hourly MACD golden cross and RSI returning above the midline show that bullish momentum is gradually strengthening, and the moderate volume during the rebound confirms the return of buying on dips. Overall, the market has completed a quick washout at the key support, and the current price has re-established itself above the psychological level. If it can remain stable above $88,200 during the day, it is expected to further test the resistance area of $89,000-$89,500.
Bitcoin strategy: Buy near $88,000, target $89,500
Ethereum strategy: Buy near $2,960, target $3,050
