Bitcoin is currently struggling to break through the 90,000 level. A new round of defense has already begun. Is this the return of a bull market or just a false signal of a trap? Overall, today leans more bearish, with resistance at the 89,600 level still quite evident.

Yesterday, I advised everyone to go long around 87,300. After the US stock market opened in the evening, Bitcoin dipped to a low of 87,200, perfectly hitting the entry point! The original target was to break through 88,800 and push towards 90,600. The precise target range from 87,300 to 89,500 offers 2,200 points of space, making a profit of 1,500-1,800 points entirely feasible.
Currently, the daily chart has formed a small double top pattern. Whether it can continue to surge towards 90,000 is doubtful. Most likely, it will test 90,000 with a spike and then consolidate downward. In terms of trading strategy, if 89,600 can be broken, wait for a short position in the 90,600-90,990 range, with a stop at 91,800 and a target of 87,800. If that breaks, then look at 86,400. If 89,600 cannot be broken, you can directly enter a short position. $BTC #加密市场观察