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The afternoon session shows a choppy state, with both bulls and bears evenly matched, and no clear one-sided trend yet. What to do in this situation? Range trading becomes the main strategy—selling short at the upper resistance level, buying long at the lower support level, and profiting from the price fluctuations.
From a technical perspective, $BTC is likely to surge first and then decline today. The upper resistance is around 89300; hitting this level may cause a stall. The strong support below is at 88000, which is not only a chart level but also a psychological barrier for retail investors.
What exactly to do? If the price rebounds near 89300 and shows signs of stagnation, consider entering short positions. Conversely, if it pulls back to 88000 and shows a sign of stopping the decline, a small long position could be tried. Basically, wait for the market to make its own choice; we just need to position ourselves at key levels.