#BTC资金流动性 BTC is now fluctuating around the 87000 mark, having fallen from a high of 88700, with a decline of over 1700 points. Recently, when it surged to 90500, it was initially expected to break through, but it was pushed back down, reflecting the gradual weakening of buying power. It seems that continuing to pump in the short term is not that easy.

From a technical chart perspective, the 4-hour K-line has formed a typical M-shaped top, and the price is currently oscillating repeatedly at the lower band of the Bollinger Bands. Both bulls and bears are in a tug-of-war here, with neither side able to gain the upper hand. The area between 88500-89000 is heavily guarded by sellers, while 86500 has become the line that buyers are trying to defend. In the short term, it seems that there is no strength to break this deadlock. Overall, the selling pressure is clearly dominant, with sell orders gradually accumulating, and the signals released by the technical indicators all point towards the bears.

From a trading perspective, you can go short in the upper pressure area, with a stop loss suggested above 89000. The key point is to see if the support line at 86500 can hold. Once it is breached, BTC is likely to continue falling towards the previous low near 84000. Therefore, the focus moving forward is to closely monitor whether these key support levels are maintained and what changes occur in trading volume.

In terms of specific operations, pay attention to the performance of the two ranges 87800-88300 and 88800-89300. If there is pressure here, you can directly set up a short position, with a target space of about 500-6000 points. Below, sequentially focus on the positions 87150, 86800, 86300, 85800, 85300, and 84500. Once 84500 is broken, we need to continue to watch for a significant continuation of the fall.

$BTC