Bitcoin current price is 87,200, and the market is still fluctuating in the early hours. It has been observed that the main force has been testing around the 85,500 level of the Fibonacci retracement line for the past five days, with each upward move yielding gains. This time is no exception. However, after surging to 89,000, it did not fully retreat but instead held half of the position and continued to hold the position. The bulls may break through the 90,000 mark at any time and move towards higher levels.

Looking at the daily chart, the high before press time is 89,400, and the low is 85,000. The EMA trend indicator continues to decline slowly, with the 15-period EMA forming resistance at 88,650. The MACD is in a shrinking phase, and the DIF and DEA have signs of a dead cross recovery. If the main force pushes again to break through 89,000, the next target is likely to be around 91,000. The Bollinger Bands support has retreated to 84,850, with the midline at 89,500 and the upper band at 94,200.

On the four-hour chart, the EMA trend top at 89,500 has been broken back, and the trend bottom at 87,155 has been breached, with a probability of testing the Fibonacci retracement support at 85,500 again. However, in this case, it is still recommended to hold long positions around 85,000 and manage stop-losses properly. The rest depends on market movement.

Short-term reference ideas (risk on your own, for reference only):

Long position plan: Entry between 85,500 and 85,000, stop loss 500 points, initial targets 86,000 to 86,500, and after breaking through, look at 87,000 to 87,500.

Short position plan: Entry between 90,500 and 91,000, defense at 91,500, stop loss 500 points, initial targets 89,500 to 89,000, and if broken, look at 88,000 to 87,500.

The market has no absolute certainty. Setting proper stop-losses is the first principle. Small losses and big gains are the long-term game rules. Specific operations should be based on real-time market data. Since the article may have a delay in publication, it is recommended for reference only.