Bitcoin is currently like a harvester coming in, don't be afraid, find a way to get it back!

Yesterday at midnight, the price of Bitcoin faced resistance at 87200 and subsequently started a small correction on an hourly basis.

However, when the price corrected, the pullback was relatively minor, forming an effective support point near 85800, and began to rebound rapidly.

On the daily level, it has encountered resistance and retreated three times at the 88500 mark, with the 15-day moving average showing signs of contraction, indicating that there is still room for short-term adjustments, but the overall upward trend remains unchanged.

After three consecutive bearish candles on the 4-hour chart, a bullish candle formed, with a long lower shadow indicating strong support below 86000; the current correction can be viewed as a technical repair.

Particularly noteworthy is the key support level of 87600 this morning, which is not only the support of the short-term consolidation range but also an important psychological support level.

From a technical perspective, if the price can stabilize above this level, it will be favorable for long positions, maintaining a bullish outlook this morning.

For today's short-term trading, consider going long in the range of 86800-87300 for Bitcoin, targeting 88000, and if it breaks out, continue to look for continuation!

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