$BTC

Looking back at Bitcoin's trend yesterday, it once fell below $88,000 in the morning, but then quickly reversed and rushed to test $92,000. However, the market suddenly changed in the evening, and Bitcoin quickly fell, reaching a low of $87,000.

The intraday bullish sentiment has obviously weakened, and the market has once again fallen into a high-level consolidation deadlock. Although Bitcoin has continued to rise strongly in recent days and has continuously refreshed historical highs, any asset will inevitably encounter a short-term correction after a rapid rise. This is the norm in the market and a critical period for risk management. If Bitcoin encounters a sharp correction, the market may usher in a period of high-level consolidation.

From a technical point of view, the four-hour chart shows that Bitcoin's trading volume has increased, but the subsequent supply seems insufficient, and the trend has not stabilized upward. At present, the price is close to the upper side of the middle track support, and it is necessary to pay close attention to the resistance level of $92,200, and at the same time, pay attention to the support level of $85,200 below. As long as the support line is not broken, there is still hope for the bullish trend.

In terms of operating strategy, a low-to-long strategy is recommended. It is recommended to layout in the range of 86500-87000, and the target is above 88000.