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In the past half month, BTC has been hovering between 87,000 and 90,000, stubbornly refusing to test the support levels at 85,388 or 80,888.
Interestingly, the 90,000 level has now been a false breakout seven times. Each time it surges up, it attracts a wave of bullish traders, only to be crushed back down. Repeating this cycle, the market's mindset becomes locked in a state of oscillation, and no one can figure out whether it will continue upward or revert for a correction.
The key is whether it can truly test those previously set support levels. If it continues to fluctuate within this range, participants' patience will eventually be exhausted.