Last night, Bitcoin surged to around 89,400 before quickly pulling back, currently trading near 87,300. Technically, the price shows clear resistance below the key integer level, with the hourly chart displaying consecutive upper shadows indicating heavy selling pressure at high levels. Meanwhile, both MACD and RSI indicators are showing short-term bearish divergence and death cross signals, suggesting that upward momentum is gradually weakening.

The current price has broken below the short-term upward trendline. If it cannot hold the support zone at 87,000-87,200, a further correction will be confirmed. The next key support level is around 86,500, which is both a previous low and a dense area of medium-term moving averages. If this level is broken, it could open the door to deeper adjustments. #2025Gate年度账单 $BTC

Overall, the market exhibits a strong risk-averse sentiment near historical highs. It is recommended to closely monitor the battle between bulls and bears at the 87,000 level. If the rebound struggles to break through the resistance zone at 88,000-88,300, the short-term structure will continue to favor a bearish trend.