$BTC ‌

Bitcoin experienced a brief dip in early trading yesterday, testing the recent low of $86,000 before finding support, then entering a gradual upward channel. The price climbed to a high of around $88,300 during the session, but due to resistance at the lower boundary of the previous consolidation zone, it entered a sideways correction phase, with both bulls and bears temporarily at a standstill. In the evening, the market staged a "false move," with the price quickly dropping to $87,400, then rebounding sharply to break through the previous consolidation range, reaching a high of $88,800. However, the upward momentum was not sustained, and the price faced resistance again and fell back. During the early hours, Bitcoin dipped to a low of $86,900, then gradually rose again supported by the key level, currently rebounding to around $88,500. From a technical perspective, the $89,000 level now acts as a critical resistance, serving as both the core resistance of the previous range and resonating with short-term moving averages. If the price can stabilize around $88,500 in the early session and volume gradually increases, it may continue to challenge the $89,000 level, with a breakout potentially opening further upside space; if it fails to break through the resistance, it is likely to return to a range of $87,000-$88,000 for consolidation, or even test the support near $86,000 again.