Bitcoin encountered resistance and fell back after reaching a high of $88,400, currently quoted around $87,300, showing significant pressure from above. The key resistance level at $88,500 successfully suppressed the upward momentum, forming a local top structure, and the price has fallen about 1,100 points from the high, indicating that selling pressure is intensifying.

From a technical perspective, the price has surged and then pulled back at a key resistance level, forming a bearish signal. The previous support level in the 87300-87500 area has turned into a short-term resistance. If the rebound fails to break through this area, it may further test the 86500-86800 support zone. If this support is broken, the downward target will point to the psychological levels of 85500-85000. #加密市场小幅回暖 $BTC

Consider lightly shorting in the 87800-88000 range, with a stop-loss set above 88800. Closely monitor whether the price can maintain below 87500 and the defense situation at the 86500 support level. Currently, although it leans bearish, a trend decline has not formed, so be cautious of the risks of repeated fluctuations at high levels.