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1.29 BTC Tonight's Strategy:
Currently, market funds are visibly flowing into traditional safe-haven assets like gold and silver, which confirms that the crypto market is severely lacking sustained buying momentum. Bitcoin's bulls are even struggling to hold the 90,000 level, and during retracements, they appear weak, indicating that the bearish trend is dominating the short-term landscape.
Short-term resistance zone is at 88,800-89,800: this is a dense trading area and the rebound neckline, making it the best "gun positioning" spot for bears.
Support zone below is at 87,000-86,400: this is the first line of defense; a valid break below opens up space for further decline.
Last night, we shorted from 90,400 all the way down to the ultimate take-profit target around 87,800, capturing a 2,500-point gain. Tonight, our approach remains to short on rallies, riding the trend.
$BTC
Hunting zone: Short near 88,788, with pre-set re-entry at 89,200-89,600
Target zone: 87,488, if broken, continue to watch 86,800→86,400
Retreat line: 90,580 (final defense line, break means surrender)
Funds flow like the tide, technical levels are like reefs. Now the tide is receding; what we need to do is wait near the reefs (resistance levels) for the ship (price) to run aground.