Bitcoin Short-Term Pattern Observation

Yesterday, Bitcoin remained in a high-level oscillation pattern, with no significant increase in trading volume, and the market sentiment remained cautious.

From a technical perspective, there are two key areas to watch in the current market.

On the upside, the $89,000 to $89,800 range is an important resistance zone. Once Bitcoin can break through this level with increased volume and stabilize, the short-term bullish momentum can be confirmed, and subsequent development can be expected towards the $90,500-$91,200 range. The strength of the breakout and the level of trading volume directly impact the sustainability of the subsequent rally.

On the downside, support is located at $86,200-$86,800. This range acts as a safety cushion; a break below warrants caution.

Overall, Bitcoin is currently at a crossroads. Trading volume participation will be key in determining the direction, and traders should implement risk management strategies at these critical price levels.