Bitcoin $btc is also doing great, while Old Bao's speech caused the US stock market to drop sharply, Bitcoin can still maintain a fluctuation range of 83,000-86,000, as tough as drinking tiger bone wine!

From the daily chart, we can see that the previous five days have all closed with significant upper shadows. The hourly chart shows that the height of the fluctuations is slowly decreasing, indicating that the pressure above 85,000 is still relatively high. We will continue to observe the pressure situation at 85,000 during the day. If it can't break through, we will have to test the support at 82,700-83,000 again. If we test again, the probability of a decline is increasing.

In summary, the current fluctuation range is very clear. It has not broken away from the previous fluctuation. Only a breakthrough or a breakdown can indicate a direction. Right now at 85,000, the aggressive position here is to try to enter a long position, with a stop-loss at the breakout of the box.