This morning, Bitcoin continued its upward trend, reaching a high of 85,300 before pulling back. It briefly dipped to the support level of 83,700 in the early hours, then rebounded, now fluctuating around 84,200.

From a technical perspective, after breaking through the previous high, Bitcoin lacks sufficient correction and maintains a high-level oscillation. The Bollinger Bands indicate that the price is between the middle and upper bands, with clear upward pressure. Although the momentum is weakening, the moving average support remains unstable, and the downside risk still exists. It is expected that the focus this weekend will be on technical correction. Given the current trend, it is recommended to continue shorting on rallies.

Bitcoin 84,500-85,000, target price: around 83,000.