Bitcoin Technical Analysis: Bullish Retracement Confirming Support, Preparing for a Second Surge

Although there was a rapid correction in the afternoon, the price stabilized precisely within the 86900-87000 range and quickly rebounded, which exactly completed the retest of the key breakout level at 88100 and the extension support zone below it. This dip was not accompanied by sustained heavy selling pressure, indicating that the main chip structure remains stable, representing a healthy technical shakeout rather than a trend reversal.

From a technical perspective, the 87000 level has formed a strong intraday defense line. On the 4-hour chart, the upward trend line remains intact, and although the MACD is at a high level, both lines are still operating above the zero axis in a strong zone. This correction effectively releases short-term overbought pressure and accumulates new momentum for subsequent upward movement. Currently, the price is consolidating around 87300, which is a good opportunity for bulls to re-enter. #2025Gate年度账单 #加密行情预测 $BTC

In terms of trading strategy, it is recommended to use 86900 as a stop-loss reference, and to gradually build long positions in the 87300-87500 zone. The primary target above is the morning high at 88100 resistance. A breakout could lead to another challenge of the 89000 level. If the price can hold above 88000 tonight, it will further confirm the continuation of the rally, with the next target potentially reaching the psychological level of 90000. The current market rhythm is still dominated by bulls, and every deep retracement is an entry opportunity for trend continuation.