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Bitcoin latest market interpretation + support and resistance levels share!!! #BTC $BTC
🦅 Fish Lunchtime Market Review: 88,468 "Secondary Bottom" confirmed, bulls return to the 90,000 barrier for a tough battle!
Latest situation review:
Refusing to test the previous low again: Last night (Thursday late night), we were still worried that the market might test the absolute bottom at 87,209, but the bulls performed stronger than expected! According to the latest 15-minute chart, the main force stopped the decline directly at 88,468.6 (green support line on the chart). This is over 1,000 points higher than the previous low (87,209), forming a very beautiful "Higher Low" structure.
Regaining ground: The early morning rally was very decisive, with a large bullish candle breaking through the resistance at 89,444 (yellow target line on the chart). Currently, the price is consolidating near the high of around 89,800 in a flag pattern, trying to digest the resistance zone above 90,100 - 90,200.
Momentum indicator: MACD has formed a golden cross below the zero line and continues to diverge upward, indicating strong bullish momentum. This is a typical "Accumulation Breakout" pattern.
1. Support and Resistance Levels (Fish Lunchtime Precise Edition)
🟢 Short-term support (1-3 days, intraday)
89,440 - 89,500: Immediate support (top-bottom switch). The target line marked in yellow on the chart. The pressure level just broken through now acts as a "floor." A retest here without breaking is very strong.
88,468: Strong support (intraday low). The green support line at the bottom of the chart. This was confirmed as the short-term bottom this morning and must not be broken.
88,000: Psychological barrier at the round number.
🔵 Medium-term support (1-2 weeks, swing)
87,209: Ultimate iron bottom. The lowest point of the January 22 spike, the bottom line of this round of correction.
86,000: 50-day moving average and trend lifeline.
84,500: Bottom of the large cycle box.
🔴 Short-term resistance (1-3 days)
90,100 - 90,200: Core resistance (cap). Dense resistance zone on the chart (purple short-term resistance line at 90,103 and red line at 90,200). The highest point reached this morning was resisted here, currently the "ceiling."
90,425: Resistance level marked in blue on the chart. Breaking through here opens up space above.
91,500: Dense area of previous trapped positions.
🟠 Medium-term resistance (1-2 weeks)
94,500: Strong resistance zone.
96,431: Strong resistance zone.
100,000: Large cycle target.
2. Comprehensive analysis and optimal entry strategy
Overall view: The current level at 89,805 is in the "breakout high consolidation" stage.
Bullish strategy: The trend has warmed up. The low at 88,468 confirmed the strength of bullish buying. Now that the price has stabilized above 89,444, going long is the main theme. The key point is the acceleration after breaking 90,200.
Bearish strategy: Counter-trend is risky. Although 90,200 faces resistance, the bottom is rising, making shorting prone to short squeezes. Unless the price falls back below 89,000, short positions are not considered.