Bitcoin Evening Market Analysis

From the hourly chart, the highs of Bitcoin continue to decrease but new lows have not yet appeared. As long as it doesn't break below 88020, there is no real downtrend. Conversely, if the resistance at 89079 cannot be突破ed, then the support at 88020 will definitely be broken.

Right now, it's a crossroads—breaking above 89079 indicates a continuation of the upward trend, while falling below 88020 suggests further weakness. It’s common to see oscillations within the range of 89079 to 88020.

**Trading advice is simple**: Neither bulls nor bears should rush to act at this moment because you don't know whether it will go up or down next. Since it's consolidating, it’s more prudent to wait for a genuine breakout before entering—buy on a breakout above, sell on a breakdown below.

**Specific levels**: If volume breaks through 88886, consider going long; conversely, if 88117 breaks down with volume and cannot recover, prepare to go short.

**Hourly level**: If it can hold above 89079, look for targets between 90338 and 91429; if it cannot hold 89079, short-term upward movement is unlikely.

**4-hour chart**: The line at 88140 is very critical. If it breaks below, watch for targets at 87424 and 86757 below. A breakdown of 88140 means a likely pullback is inevitable.

Special reminder—on the 4-hour chart, the yellow box shows a piercing pattern, which usually indicates a bearish signal. More strikingly, the small bullish candle that follows this pattern also created a lower low than the piercing pattern. Currently, four consecutive candles are showing this "孕线" (harbinger) formation. Unless a large bullish candle on the 4-hour chart engulfs the entire pattern, the correction cannot be avoided. Keep a close eye on volume changes.