Bitcoin Evening Trend Analysis: Arc Bottom Pattern Repeatedly Tested, Key Breakthrough Level Determines Future Market Direction

Support Level Stable, Breakthrough Imminent

Bitcoin is currently in a very delicate technical position. Observing the chart, it’s easy to see that this wave has formed a series of continuous arc bottom patterns, and now it is forming the third arc. This trend repeatedly emphasizes the stability of the bottom structure. More notably, the price level of 86792 has been tested at least 7 times from the lows indicated by the arrow, and the visible support strength is already very solid. The toughness at this level should not be underestimated, and because of this, the logic that Bitcoin cannot fall further is valid.

Choices in Difficulties: 88052 is the Dividing Line

After breaking the 87357 neckline, Bitcoin did not continue smoothly; instead, it only showed a probing trend near the resistance level of 88052. Subsequently, the candlestick closed without stabilizing above that level. This is the current awkward situation—unable to go up or come down. Observing the two candlesticks indicated by the arrow above, it is very likely to form a double top pattern, which is common in front of resistance levels. To break out of the consolidation, the only way is to break through 88052. Only by successfully stabilizing above this level can the market look toward higher targets of 89321 and even 90361. If 90361 can hold steady, a new upward trend will be initiated.

Trading Execution Suggestions

In the short term, consider adding positions on volume breakout above 87963 on the right side, with stop-loss set below; conversely, if volume fails to hold above 87296 and cannot rebound back to the right side, switch to a short strategy. The key on the hourly level is whether it can break through 88052. After breaking through, look toward 89321-90361; if it fails to break through, the trading space is limited. On the 4-hour level, if it loses support at 87418, look down to 86751-86083. Only a break below 86751 will truly open the downside space; otherwise, this is a strong support level.

Range-Bound Operation: Searching for Direction in Wide Fluctuations

Looking at the 4-hour chart, Bitcoin has been trading within the range of 90365-86791, with the upper and lower boundaries not yet effectively broken. If the range cannot be broken, it will be difficult to trigger a trend. If the lower boundary holds, there will be no large decline, meaning the market will continue to grind in consolidation. According to the yellow resistance zone indicated by the arrow, this area is a key resistance for the bulls. If it fails again to break through this zone, it will form a short-term top on the 4-hour chart. Once the range top is effectively broken through with increased volume, it will mark the true entry of the bulls. At that point, close attention should be paid to whether the volume can support this move.

Real-Time Data: Bitcoin current price is $91.17K, with a 24-hour increase of +1.09%.