#内容挖矿焕新公测开启 Bitcoin hits 90,000 hurdle, crypto market stalemate—when will the breakthrough come?

Yesterday, the crypto market finally saw a rebound and correction, with Bitcoin regaining the 88,000 level and Ethereum also warming up to around 2,900 with sideways movement. Although the rise was partly driven by the US stock market's gains, the rebound was somewhat weak, giving a "loud thunder but little rain" impression. Whether the market can stabilize next depends on the contest at several key resistance levels.
Bitcoin: 88,000-89,000 as the critical threshold
From a technical perspective, Bitcoin's recent rebound was clearly met with resistance around the 88,500 level on the four-hour Bollinger middle band. Interestingly, the 88,000-89,000 range was previously an important support zone, which now has become the main battleground for bulls and bears. It’s like a strategic key point in warfare—whoever controls it gains the initiative. If Bitcoin can firmly reclaim this zone, short-term bullish confidence should be boosted, possibly pushing towards the 90,000 mark; but if it cannot withstand the pressure and drops back, the market is likely to weaken further. Today’s intraday trading should focus on this, with resistance at 89,000 and 90,000 as a defensive line; support should be watched closely around 86,800-86,000—don’t be careless.
Ethereum: 3,000 level is a hurdle for the rebound
Ethereum’s situation is quite similar to Bitcoin’s, currently stuck near the four-hour middle band. For Ethereum, the 3,000 level is a critical barrier that must be crossed for this rebound, acting like a “roadblock.” Successfully breaking above 3,000 could ease recent bearish sentiment; however, if it continues to face pressure and falls back, testing the 2,800 support level will be necessary. Whether this support can hold will directly determine Ethereum’s short-term trend, so everyone should keep a close eye.
Today’s focus: Beware of “black swan” speeches from the US government
It’s worth noting that there are no major economic data releases today, so the market should be relatively calm. But don’t let your guard down—speeches from US government officials during the evening US trading hours could become “unscheduled bombs” influencing the market. After all, market sentiment is already sensitive, and even a small spark can trigger volatility. In such times, “watch more, act less” can sometimes be a wise strategy.
Overall, the market remains in a stalemate, with both bulls and bears waiting for clear directional signals. Whether it’s Bitcoin at 88,000-89,000 or Ethereum at 3,000, these are key levels that will determine the short-term trend.
Do you think Bitcoin can successfully break through the 89,000 resistance today? What bearish signals are you most worried about from the US government’s speeches tonight? Feel free to share your thoughts in the comments!