#数字资产市场洞察 BTC Afternoon Technical Overview | 86200 as the Last Defense for the Bulls

The recent pullback after the morning surge was a bit sharp, but if you look closely, the trading volume didn't really increase—this indicates that the selling pressure isn't very resolute, and the bulls are still actively supporting the price below.

Key support levels:
The first is 86200, which was the low point during the morning pullback and is a crucial short-term support level that the bulls must defend. Holding this level would mean the sideways, slightly bullish pattern continues; if it breaks, attention should shift to 86000 (the midpoint of the previous consolidation range), and further down, the price could drop to the 85900-85800 zone.

Resistance levels above:
Recent resistance is at 86700-86800, which was a dense trading zone during the morning rally and is quite tough to break through. If the price can effectively stay above 86800, there’s a chance to challenge the 87000 level; 86600 was a resistance during the midday rebound, with moderate difficulty.

Market analysis:
The afternoon is likely to see a range-bound consolidation—first, because the decline lacked sufficient volume to follow through, indicating buying support; second, after a continuous rise, some market participants might want to sell to realize profits. Therefore, expect the price to fluctuate between 86200 and 86700, watching for changes in volume or any macro news that could break the pattern.

Trading suggestions:
Consider entering long positions if the price retraces to the 85800-86200 zone, with targets at 86800-87000. Place stop-loss orders below 85500 for safety. If the price truly breaks above 87000 and stabilizes, there’s potential to aim for 87500-87900.

Risk warning:
If the range remains very narrow and volume continues to dry up, it’s best to stay on the sidelines and avoid being shaken out. Wait until the trend becomes clearer before entering the market for a more secure position.