Based on the current trend analysis, Bitcoin has reached the critical point of 87,900, just a step away from the 88,000 psychological level. From a technical indicator perspective, the 4-hour Bollinger Bands are showing a noticeable expansion trend, indicating that short-term price volatility may intensify.
However, the moving average line at the intraday level has shown a downward trend, suggesting that there may be downward pressure in the short term.
Considering the above technical indicators, it is recommended to place an order within the current range of 87,500-88,000. If there is an effective breakthrough at the 88,000 resistance level, a reverse operation can be considered.