Last night, Bitcoin rebounded strongly after dipping to the $86,500 line following a lower opening of the US stock market, and quickly recovered and held above the $88,000 mark. This pullback validated the effectiveness of the support area around $86,500, indicating that the market completed a technical adjustment through a rapid washout of floating positions.
The current price holds above 88000 USD, marking the bulls' re-control of the short-term trend. The 4-hour chart shows a rebound accompanied by increased trading volume, with key indicators showing signs of strengthening. If this support level can be maintained, the next target will point towards the previous high area of 89000-89500. #2025Gate年度账单
Overall, this rebound from the bottom is a healthy trend adjustment, reinforcing the support below while also confirming that bullish momentum remains strong. As long as it holds above the support zone of 87800-88000, the technical structure of oscillating upward will remain intact, and it is expected to continue testing the key resistance upwards.
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Last night, Bitcoin rebounded strongly after dipping to the $86,500 line following a lower opening of the US stock market, and quickly recovered and held above the $88,000 mark. This pullback validated the effectiveness of the support area around $86,500, indicating that the market completed a technical adjustment through a rapid washout of floating positions.
The current price holds above 88000 USD, marking the bulls' re-control of the short-term trend. The 4-hour chart shows a rebound accompanied by increased trading volume, with key indicators showing signs of strengthening. If this support level can be maintained, the next target will point towards the previous high area of 89000-89500. #2025Gate年度账单
Overall, this rebound from the bottom is a healthy trend adjustment, reinforcing the support below while also confirming that bullish momentum remains strong. As long as it holds above the support zone of 87800-88000, the technical structure of oscillating upward will remain intact, and it is expected to continue testing the key resistance upwards.