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Bitcoin just broke through the key level of 88,000 USDT, with the current quote around 88,015 dollars, maintaining a 24-hour increase of 0.67%. Many people are asking: Is this a real breakout or just a false alarm?
Why should we pay attention to this level? Frankly, the 88,000 mark has been under market scrutiny for a long time and is considered a strong resistance level. Once it stabilizes and pushes higher (around 89,000), both psychological and capital factors could be ignited. This is not just a number game; the subsequent increase of a few thousand dollars could open up from here.
From another perspective, this wave of upward momentum is quite steady—it's not a rapid surge but a gradual upward structure. This "slow bull bulldozer" style of rise is often more solid, helping to establish a stable foundation and reducing the likelihood of sharp pullbacks.
Currently, the momentum is strong: expectations of continued rate cuts, spot ETF accumulation, all provide solid support for the price.
The next key points to watch are: first, whether it can hold above 88,000 and continue approaching the higher levels; second, whether trading volume can keep pace with this rally, achieving both price and volume growth. If these two conditions are met, the subsequent space might truly be promising.
But as everyone in the circle knows, a rise is always accompanied by volatility. Traders in derivatives especially need to be cautious of risks—greed doesn't fill hot tofu. Following the trend prudently is the way to actually benefit from this rally.
What do you think about this breakout? Do you believe there's still room to run, or are you preparing to reduce positions at the high? Share your thoughts in the bottom discussion area.