Old Bao's speech caused a big drop in the US stock market, but Bitcoin can still maintain its oscillation range between 83,000 and 86,000, as strong as if it had drunk tiger bone wine!

From the daily chart, we can see that the previous five days all had significant upper shadows. The oscillation height on the hourly chart is slowly decreasing, indicating that there is still considerable pressure above 85,000. We will continue to observe the pressure situation at 85,000 during the day. If it can't break above, we will have to test the support at 82,700 to 83,000 again. If we test it again, the probability of a downward trend is increasing.

In summary, the current oscillation range is very clear. It has not broken away from the previous oscillation. A breakout or breakdown will indicate the direction. Currently at 85,000, aggressive traders can try to establish a position here, with the stop loss set at breaking above the range. #Metaplanet增持比特币