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The market is stuck in a stalemate, with mainstream cryptocurrencies' volatility significantly narrowing.
Bitcoin initiated several rounds of upward attempts in the early session, approaching the key resistance level of 87,900, but buying pressure was never enough to break through, ultimately encountering resistance around 88,000 and pulling back. It then dipped to 87,560 to find support, with the entire trading cycle's fluctuation contained within 400 points. Currently, bulls and bears are repeatedly tugging within this range, lacking clear new momentum in the short term. The market is waiting for the next decisive signal.