Bitcoin experienced a pullback in the last two trading days, briefly dropping to a low of $87,300 in the early morning, then oscillating around $89,800. The key question now is: can it hold the support line at $89,000?

**Technical Analysis**

From the daily chart perspective, the price has broken below the previous support at $89,000 and is currently testing the resistance at $92,000. If it closes below $89,000 today, the short-term downtrend is likely to continue, with the next target in the $89,000–$87,800 range. Conversely, if it reclaims $89,000 with increased volume, a rebound could be triggered, with initial resistance at $91,000.

On the 4-hour chart, consecutive bullish candles accompanied by increased volume signal a bullish trend; on the other hand, if it closes below $88,500 or forms a bearish engulfing candlestick pattern, beware of a bearish reversal.

**Resistance and Support Levels**

Upper: $89,000 (broken), $90,000 (broken), $92,000 (testing)
Lower: $88,000 (broken but quickly rebounded), $86,500, $84,000

**Trading Strategies**

*Long Entry*: Enter when a series of consecutive bullish candles or bullish engulfing patterns form on the 15-minute chart, targeting $90,600, with a stop-loss at $87,500.

*Short Entry*: Consider if the 1-hour chart closes below $88,000 or if a bearish engulfing pattern appears, with targets at $86,500 and $84,000, and a stop-loss at $88,500.

**Personal Positioning**

Ethereum has been fully exited with profits. Continue holding long positions on Bitcoin, targeting the $90,600–$91,600 range. Also, hold Solana, aiming for $132, $136, and $140.

If you missed the entry earlier, wait for a pullback to the $88,700–$89,100 range before considering entering. Use previous strategies for profit-taking, and set the stop-loss at $87,000.

*Position management is crucial*—whether taking profits or cutting losses, each trade is just one part of your trading career. Never over-leverage. Manage risk according to your risk tolerance and adjust flexibly.