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Morning Analysis
Early morning news caused a significant dip in Bitcoin, quickly rebounding from $86,000 to around $88,000, forming a long lower shadow. After concentrated selling by bears, the support held effectively, solidifying the phase bottom. The sharp drop washed out weak hands and repaired indicators, with prices pulling back showing strong buying resilience, indicating a washout rather than a trend reversal. Maintaining support in the $86,000-$87,000 range keeps a bullish bias, and if it stabilizes above $88,000, it could challenge $90,000, with a pullback solidifying the foundation for new highs.
Operational Suggestions
Bullish around 85700-86200, target near 87700-88200.
Look for bullish positions near 2780-2810, target around 2980-3010 #BTC #ETH