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Good afternoon, friends. Today I will share with you the technical perspective on Bitcoin.
Recently, the trend of Bitcoin has been very regular. It has fallen from the resistance area of 90500-91000 all the way down to around 87000, providing a good profit margin. Now we need to figure out where the upper and lower thresholds are.
Looking up, 85800-90400 forms a key resistance zone, with a short-term target pointing to around 87300. Looking down, the range of 86200-86600 can be seen as support.
In simple terms, the trading logic revolves around the support level of 86200 and the resistance level of 90400. Both positions are crucial and can serve as reference points for entry. If these two positions are repeatedly confirmed, the trend will become clearer.
Hope everyone operates smoothly and grasps these key price levels.