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Last night, Bitcoin found strong buying support after touching $87,200, followed by a rebound driven by volume and price action. By this morning, it had re-challenged the $90,000 psychological level. This V-shaped reversal not only confirmed the effective support in the $87,000-$87,200 range but also indicated that market buying interest on dips remains strong, and bullish momentum is re-accumulating.
The current price is once again approaching the critical psychological level of $90,000. If a volume-backed breakout occurs, the upward space will further open, with a medium-term target potentially reaching the previous high of $92,000-$93,000. The technical moving average system remains in a bullish alignment, and momentum indicators like RSI have rebounded from the correction zone, supporting the continuation of the rebound.
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Overall, the market trend structure still leans bullish, with the $87,000 level becoming an important short-term defense line. Investors should focus on the price performance around the $90,000 mark. A steady hold could trigger a new round of upward attack; if a correction occurs, the $88,000-$88,500 zone is likely to become the new focus of bullish-bearish competition.