In the case where multiple attempts to break the 88900 high have failed, if the U.S. stock market opens and continues its usual downward trend, a significant resistance zone will form above, which may lead to further declines in prices. From the perspective of the four-hour chart, although the market shows a continuous upward trend with consecutive bullish candles, the high point has consistently failed to achieve an effective breakthrough. The Bollinger Bands, although opening upwards, indicating some potential for increase, the occurrence of pullbacks suggests that the market is undergoing self-correction, which may limit the further release of bullish strength. Unless the price can establish stable support at the 88800 level, the current trend is expected to remain unchanged. Only when this key level is successfully broken and stabilized can we consider a trend change imminent.
Bitcoin, short between 89200-89700, targeting 86700
