#内容挖矿焕新公测开启

Bitcoin's recent movement from yesterday to today shows a typical pattern of oscillating upward with an accelerated breakout. Yesterday morning, it started to rise in a narrow range from around $87,500, reaching a high of approximately $88,900 at midday before encountering resistance and pulling back. In the evening, it retreated to the support level of $87,500 and then found support, rebounding again to around $88,700. Overall, it maintained a narrow range of fluctuation. During the early hours, a turning point occurred as the price briefly retraced to a low of $87,250, then bulls suddenly gained momentum, triggering a violent surge. As of now, the price has strongly broken through $89,500 and successfully surpassed the previous oscillation upper boundary.

From a technical perspective, the daily chart closed bullish, ending several days of consolidation and bottoming pattern. The moving averages are showing signs of turning upward, providing structural support for a subsequent rebound. The 4-hour chart indicates a healthier trend; after breaking through the resistance zone of $88,800–$89,500, a clear upward trendline was formed, with volume increasing simultaneously, indicating strong bullish momentum.

Regarding resistance and support, maintaining stability around $89,500 is crucial. If the price can effectively hold this level, it may challenge the $90,500–$91,200 zone, further expanding the rebound space. Support levels have moved up to the $88,000–$88,500 range, which is the core of the previous consolidation and an important short-term upward trend support line.