Bitcoin shows strong support at the $87,500 level, with multiple rebounds in the early morning testing this support and bouncing back, forming a clear boundary between bulls and bears. If the current price can hold steady at this level in the morning, the short-term structure will turn more bullish, with potential to push above $88,000 and further test the $88,500 to $89,000 range.
Technically, the hourly chart already shows signs of a gradual bottoming with rising lows, and strong buying interest below. If the short-term resistance at $88,000 is successfully broken, it could trigger short cov
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