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Bitcoin daily K-line has recently shown a pattern of continuous bearish candles, with the selling pressure constantly releasing and the price center continuing to decline. Currently, support is being sought at the middle band of the daily Bollinger Bands. Technically, the market has once again fallen into a daily K-level box range with oscillations. The 90,000 level is critical—whether the bulls can hold this line will determine the future trend.
If it cannot hold here tonight and a solid K-line forms after a breakdown, the risk may further expand, and the support level at 85,000 could be tested.
Reference suggestions:
- Bitcoin's current price area is bearish, with a target of 88,000
- Ethereum follows the downward trend, watch the $3,000 level