Currently, the price of Bitcoin is fluctuating above 87,000. If the price breaks through the resistance, there will be greater chances for a rally in the future. From the daily chart, after Bitcoin has stood above the 200-day moving average, the trend is still more inclined towards bullishness. After the short-term surge breaking through the 87,000 resistance, it has not fallen back down again; currently, the trend is a fluctuating one.

In our trading, we should retain a bit of patience. The doji formed on the daily line cannot be considered a high-level doji, as it is not at a high level or a resistance point, so it should not be seen as a short-selling signal. In trading, the 87,000 resistance turns into support, so we can make our layout around this level.

We recommend an entry point at 87,000 to establish a long position, with a supplementary buy at 85,700, a stop loss at 85,000, and an initial target of 90,000. After reaching that, we will see if it can continue to break through near the short-term high of 92,800. The pressure for this rebound is around 95,500.