The current Bitcoin trend requires cautious handling. From a bullish perspective, as long as the price can hold above the 87,800 support level and the MACD histogram continues to strengthen, there is a chance. Once it breaks through 88,200, consider light positions to follow up, with the target range pointing to 89,000 to 89,500. But remember, 87,300 is the bottom line; if it falls below, withdraw immediately to prevent a reversal of the bears. From a technical support standpoint, the RSI is currently neutral leaning towards strength, and trading activity is quite active. If it can truly break through the previous high, it is very likely to trigger a wave of buying momentum.

Conversely, the bearish opportunity should also be considered. If the price gets stuck around 88,200 and lacks further upward momentum, and the MACD histogram begins to shorten, that’s a signal. In this case, a small short position can be tried if it breaks below 87,500, with targets around 86,800 to 86,000. Place the stop-loss at 88,500; once it breaks the previous high, take the loss.

Why make this judgment? Mainly because the MACD double lines are still oscillating below the zero axis, and the overall weakness is still strong. From a 7-day cycle perspective, the increase is -1.95%, indicating that the larger cycle indeed lacks momentum. Rebounds are easily met with resistance, so the bearish logic is also valid. In summary, it’s a situation where both bulls and bears have opportunities, but caution is necessary. The key is whether the two levels of 87,800 and 88,200 can be effectively broken through or broken below.