$BTC hii

Currently, the price of Bitcoin is forming a strong support zone in the range of 85600 - 86200. Looking back at yesterday's market, although the price briefly dipped down, it quickly recovered, which fully demonstrates the strong defensive power of the bulls in this area.

However, it is also important to note that there is significant resistance above. So far, the price has not been able to effectively break through the previous phase's high point, which has caused the entire market to fall into a pattern of consolidation.

From the support range, there is a clear characteristic in the range of 86000 - 86500, which is that the bottom is gradually rising, indicating that the strength of the support is continuously increasing.

In the short term, around 88000 constitutes a resistance level. If the price wants to break through this position, it must have sufficient trading volume to support it.

In the area of 88000 - 89000, there is a key pressure zone. A large amount of dense selling pressure is accumulated here, so it is quite difficult for the price to break through this area.

Looking at longer-term trend nodes, the range of 90000 - 92000 is very critical. Once the price successfully breaks through this range, it is very likely to open up a new round of upward space.

If the price can stabilize after pulling back to the range of 86000 - 86500, then everyone can focus on short-term rebound opportunities; while when the price attacks the area of 88000 - 89000, it is essential to carefully observe the changes in trading volume