Recently, BTC market has attracted much attention. In the past period, its price trend has been highly volatile. Recently, the BTC price broke through the key resistance level of $86,500, reaching a high of $88,096, followed by a slight pullback, with a minimum retracement to $84,336, currently maintaining around $87,000 in fluctuations.
From a technical analysis perspective, its short-term support level is concentrated in the $84,000 - $85,000 range. If it breaks below this range, it may trigger a phase of demand for stop-loss and more selling pressure; while the short-term resistance level focuses on $89,610 - $90,730, with $90,000 being a significant psychological barrier. Once broken, it may accelerate the upward trend.
The market is experiencing intense long and short battles, and investor sentiment fluctuates accordingly. The future BTC market remains full of uncertainty, requiring close attention to the macroeconomic environment and various dynamics of the cryptocurrency market.