Bitcoin Latest Market Analysis + Support and Resistance Levels Sharing!!! #BTC $BTC

🦅 Fish Fish Afternoon Market Review: The neckline at 88,500 was regained and lost again; the pullback confirms the "main theme"!
Deep review of the latest situation:
Neckline Battle: Last night, we witnessed a double bottom rebound at 87,209, and the price temporarily broke through 88,500 (W bottom neckline). However, the bulls did not seize the opportunity to extend the rally. Currently, the price has fallen back to 88,404, entering the "breakout pullback" stage.
Bull-Bear Divergence: The current market is very delicate.
Optimistic view: As long as it does not effectively fall back below 88,000, this remains a healthy "breakout pullback confirmation," building momentum to challenge 89,500.
Pessimistic view: If the European session continues to decline in the afternoon and breaks below 88,000, then last night's breakout was a "false breakout," and the market will test the iron bottom at 87,209 again.
Key Nodes: 16:00 in the afternoon (European market open). Major players usually choose a direction at this time: either end the pullback and directly rally, or smash the market to sweep stops at 87k.
1. Support and Resistance Levels (Fish Fish Afternoon Precise Version)
🟢 Short-term support (1-3 days, intraday)
88,000 - 88,200: Immediate support (limit of pullback). If identified as a W bottom structure, this area near the neckline must not be effectively broken. This is the last line of defense for the short-term bulls.
87,500: Strong support. The starting point after the US stock market opened last night.
87,209: Ultimate iron bottom (this month's low). The widely recognized stop-loss line. Breaking below here invalidates the W bottom pattern and targets 86k.
🔵 Mid-term support (1-2 weeks, swing)
86,000: Lifeline. 50-day moving average support, the dividing line between bullish and bearish trends.
84,500: Bottom of the large cycle box.
82,000: 0.618 deep retracement level.
🔴 Short-term resistance (1-3 days)
88,800 - 89,000: Immediate resistance. The first hurdle for intraday rebound. Stabilizing above 89,000 ends the pullback.
89,444: Core resistance. The previously broken bottom of the box, also the target level of the W bottom theory. This is currently the heaviest selling pressure zone.
90,200: Short-term reversal confirmation point.
🟠 Mid-term resistance (1-2 weeks)
92,500: Trend reversal point.
94,500: Dense area of trapped positions.
96,431: Deep trapped position dense area.
2. Overall Analysis and Best Entry Strategy
Overall view: The current price at 88,404 is in the "pullback verification period after W bottom breakout."
Bullish strategy: Rely on 86,000 - 87,200 for long positions. Although the neckline was slightly broken, as long as the body remains above 87k, the bullish structure remains intact. Play for a European session rally with an excellent risk-reward ratio.
Bearish strategy: Upward resistance is clear. If the rebound around 89,400 does not hold, it is the best position to short with the trend. The current price (88.4k) offers limited space for shorting and is prone to being hit by a rebound.