Today’s BTC Market Analysis: In the morning, BTC tested the resistance level at 89,500 and then slightly retreated. In the short term, focus on the breakout validity of this level. Currently, BTC is trading within the 86,000-90,500 triangle consolidation zone. For intraday positioning, maintain a prudent approach: focus on the 90,500 resistance above. If a rebound to the 90,300-90,500 range fails to break through, consider an adjustment opportunity; if it breaks through, look further towards around 91,000.

Watch the support level at 86,000 below. If a pullback to the 86,000-86,300 range does not break below, consider a rebound opportunity; if it breaks below, extend the observation to around 85,000. Technical analysis: The 12-hour Bollinger Bands are opening up, with the price breaking above the middle band and moving averages. Short-term, it is suppressed by the upper band at 89,500 and pulls back; if the Bollinger Bands continue to open, there is still room for upward movement, with the primary target near 90,500. The 4-hour Bollinger Bands also show signs of opening, with a large bullish candle in the morning. If it can break above the 89,500 resistance, the upward trend may continue, with close attention to the support at the 87,500 middle band.

Additionally, the 4-hour MACD indicator shows a bearish contraction, with decreasing bearish momentum; RSI is approaching oversold territory, indicating a potential weak rebound but with limited strength. Overall, the core strategy for the day is to look for low-level pullbacks to position for rebounds.

If the pullback to 86,000-86,300 does not break below, aim for a rebound towards 87,800-89,000, with a risk control level at 85,500;
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If the rebound to 89,300-89,500 does not break, consider an adjustment, with targets at 89,000-87,500, and a risk control level at 91,000.