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Bitcoin continued its high-level consolidation yesterday, reaching around 88,000 during the session before facing resistance and pulling back. Currently, it is oscillating around the 87,800 level. From a technical perspective, the hourly chart has just completed a rebound correction, with resistance still present in the upper band area, and there is a lack of effective breakout signals. Over the weekend, news was relatively calm, and market volatility was noticeably limited. This point may be suitable for rest and adjustment, building momentum for the subsequent trend.
For short-term trading ideas on BTC: On Sunday night, look for long opportunities in the 86,900-87,500 range, targeting around 88,400-89,200. The battle between bulls and bears within this range is quite intense, requiring close attention to trading volume and the external impact after the US market opens.
Market risks are always present. Conservative traders often know how to patiently wait during oscillations. Do not rush or be anxious; using time to confirm the trend is the key to long-term survival.