Last night, Bitcoin retraced around 86,500 before rebounding and pushed up to approximately 88,300. This rebound yielded good profits, gaining about 1,800 points, but then it started to retrace again. Currently, it is hovering around 86,700, essentially approaching last night’s low.

From the overall rhythm, Bitcoin is now in a typical range-bound market. The main framework is stuck between 90,500 and 85,000, with a more tight intra-day range—above is 88,300, below is 86,000. These two prices are very critical. If it breaks below 86,000, it’s highly likely to further test the lows at 85,000; if it breaks above 88,300 but cannot hold, repeated tests will be hard to avoid. Pay special attention to the 86,000 level.

Looking at Ethereum, it shows a correlated effect with Bitcoin. After spiking to 2,900 yesterday and rebounding, it briefly touched 2,980, then fell back to around 2,916. The resistance levels above are clear—at 2,950 and 2,980, which are tightly capped. To see upward movement, it needs to first stabilize above 3,030 to have confidence. Support levels below are at 2,900, 2,850, and 2,800, especially the zone between 2,850 and 2,800, which is a common area for traders to consider building positions gradually.

SOL has been relatively weak these days. After bouncing back from 122, it moved up to around 125, then made a new low at 121. Resistance above is at 125, 130, and 135, while support below is at 120, 115, and a more dense support zone between 110 and 100. Spot traders can consider gradually building positions within this range.

There are actually many trading opportunities, but the key is to stay calm. Keep an eye on these critical levels and wait for the best entry points.