#BinanceABCs Bitcoin makes a choice at a critical moment—Is 89000-89500 really the battle zone between bulls and bears?

Yesterday, Bitcoin repeatedly dropped within the narrow range of 87000-88000, and the entire market seemed to be holding its breath. The current price is stuck at the MA99 moving average line (87850), with bulls and bears secretly vying for control. Between 87000 and 89000, the minute-by-minute tug-of-war has hardly stopped.

From a technical perspective, the 89000-89500 level is not to be underestimated. The upper band of the Bollinger Bands is pressing down there, and previous highs are nearby. If a rebound hits this level without follow-up volume, a sign of stagnation appears—this is the opportunity for short positions, targeting the support zone around 87000.

The short-term strategy is clear: sell on rebounds, but don’t go all-in. Manage your positions carefully—that’s the bottom line. If it breaks through 90000, the approach needs to change; cut losses promptly and avoid reckless decisions. Currently, market sentiment is extremely bearish, with the Fear and Greed Index at only 20 points. Low liquidity will amplify volatility, so stop-loss orders must be set properly.

Key levels to watch:
- Resistance: 89000-89500
- Support: 87000-86500
- If it breaks 90,000, the strategy should shift