Hello everyone, I am Jiang Wei, an analyst who has traversed countless bull and bear markets. In the midst of rapid price fluctuations, we have experienced failures and glories, but we have always persevered. As the saying goes, "the last one standing is the king."

Bitcoin is about to close this month, and the price movement is relatively less than last year's trend, overall oscillating within a certain range. From last night to today, it has surged by three thousand points, and the current price is at 87,000, soon to test the previous drop point at 87,500. If this level is broken, the price may continue towards around 90,000; if it faces resistance, the price will likely return downward. Therefore, tonight's movement may determine the subsequent direction.

The four-hour structure has formed a U-shaped reversal, with a double top forming pressure above. At this position, we can expect a pullback, as it has reached the peak. Pursuing long positions is not particularly ideal; we can first look for short positions to see how it handles the pressure. If it continues to rise, we can exit with a small loss. Currently, we can look for short positions at 87,000, and for a more conservative approach, at 87,500, targeting 84,000 for arrangements if reached.

How to relieve worries? Only Jiang Wei can help. Follow the public account to stay on track.

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