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Bitcoin Latest Market Analysis + Support and Resistance Levels Share!!! #BTC $BTC
🦅 Fish Midnight Urgent News: 88,500 Resistance Broken! "W Bottom" Confirmed, Bulls Sound the Charge for Rebound!
Deep Review of the Latest Situation:
Key Breakthrough: Brothers, it's too strong! Just 20 minutes after, the price surged from 87,800 directly to 88,576! This means the first "death trap" for bears at 88,500 (resistance from top-bottom reversal) is being strongly broken through by the bulls.
W Bottom Formation: Reviewing tonight's trend: 87,209 (left foot) -> Rebound -> 87,500 (right foot stabilized) -> Breakthrough of 88,500 (neckline). This is a textbook-level "W Bottom" breakout pattern!
Upside Space Opens: After surpassing 88,500, the area above until 89,444 (previous bottom of the box) is a vacuum zone. US stock funds are entering to buy in. As long as tonight's price doesn't fall back below 88,000, this rebound could directly target the 90,000 mark.
1. Support and Resistance Levels (Fish Midnight Precise Edition)
🟢 Short-term support (1-3 days, tonight/US stocks)
88,200 - 88,400: Immediate support (top-bottom reversal). The resistance just broken now becomes the "floor." A pullback here without breaking below indicates a very strong trend.
87,800: Strong support. The starting point of tonight's rally.
87,209: Ultimate iron bottom. The absolute low point of this correction, the last stop-loss line for bulls.
🔵 Medium-term support (1-2 weeks, swing)
86,000: 50-day moving average lifeline.
84,500: Major cycle box bottom.
82,000: 0.618 Fibonacci retracement level.
🔴 Short-term resistance (1-3 days)
89,400 - 89,500: Core resistance. The previously broken box bottom, also the theoretical target for the "W Bottom" breakout (mapping from 87.2k to 88.5k).
90,200: Short-term bullish target.
91,200: Recent high-pressure point.
🟠 Medium-term resistance (1-2 weeks)
92,500: Trend reversal confirmation point.
94,500: Trapped zone.
96,431: Deep trapped zone of previous high.
2. Overall Analysis and Best Entry Strategy
Overall View: The current 88,576 is in the "accelerated phase after W Bottom breakout."
Bullish Strategy (Dominant): Since the neckline at 88,500 has been broken, the trend has turned short-term bullish. The current strategy is "buy on the trend," aiming to test the 89,400 resistance.
Bearish Strategy: Pause shorting for now. The momentum after the W Bottom breakout is very strong; do not block the breakout. To short, wait until around 89,400 - 89,500 encounters resistance before considering.