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the evening of October 25
Bitcoin has been under pressure this morning, slightly rebounding to around 86600, but the momentum is not strong! Currently, it is maintaining a range of fluctuation around 87000-87500!
From the four-hour perspective, after the early morning surge, there was no continuation of the upward trend; instead, there were three consecutive bearish candles that caught many off guard. The counter-trend is not a reversal, so don't blindly chase the highs. Currently, the highs are the ultimate destination.
The Bitcoin price is at 88500, near 89500 resistance, looking down to around 85500, and if that breaks, looking down to around 84500.
The two pancakes are against the market at 2950, around 3000 is a consolidation, looking down to around 2850, if it breaks, look down to 2750.
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