The global markets are in a risk-off frenzy, with confidence in sovereign bonds and fiat currencies wavering. Gold has broken through the $5000 mark for the first time, and silver is approaching the $110 level. Bitcoin continues to oscillate within the daily center around 84,500-94,500 on the daily chart. On the 4-hour chart, Bitcoin remains in a 4-hour oscillating decline starting from 97,900. A consolidation divergence has formed near 86,000 on the 30-minute chart, indicating a potential new upward trend on the 30-minute timeframe.

Today’s key levels to watch are resistance around 89,000-90,000 and support around 86,000-85,000.

Trading ideas:
1. Short near 89,000-89,500 with a stop loss at 90,000 and take profit at 87,000-86,500.
2. Long near 86,300-86,000 with a stop loss at 85,500 and take profit at 88,500-89,000.

(The above suggestions are time-sensitive and for reference only.)

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