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Bitcoin's price yesterday once again tested the bottom at $86,000, breaking below the January opening price. The overall trend remains bearish!
Currently, the daily chart has recovered from yesterday's decline, testing above $89,000 during the day but facing resistance and falling back to around $88,000 for consolidation. From the overall trend perspective, this kind of consolidation may continue!
Currently, on the 4-hour chart, focus on $87,500. Holding above it could lead to testing $88,700-$89,200-$90,500 levels. If broken, watch for support rebounds at $87,000-$86,500-$86,000! $BTC