Bitcoin volatility intensifies, with bulls and bears fiercely battling at key price levels.

Today, the Bitcoin market is experiencing significant fluctuations. According to reports, Trump Media Company transferred out 2000 Bitcoins, which directly impacted market sentiment. The current Bitcoin price is repeatedly testing around $87,000, with strong support at $85,561 becoming a key defense line. If this price level is breached, it may trigger a larger-scale adjustment.

It is worth noting that Bitcoin has repeatedly tried to break through $88,000 today but has not been able to hold, indicating that there is indeed selling pressure above. Combined with trading volume, both bulls and bears are engaged in a fierce tug-of-war in this price range. In the short term, the price is likely to oscillate between $86,800 and $88,000, and this range trading may last for at least two trading days.

From a technical indicator perspective, the TD sequence shows a continuous downward signal of "Down 5", which historically often indicates a significant adjustment market. The number "9" marked on the chart corresponds to a sell signal, combined with a 0.38% intraday volatility and a -0.32% decline, reflecting a weak market sentiment. However, while the pressure zones formed at the positions of 88751, 89000, and 90000 dollars are strong, the support at 85561 dollars is still in play, which also explains why the price has not completely broken down after being pushed down multiple times.

Overall, Bitcoin is currently under the combined influence of technical adjustments and news impacts. It is more prudent to remain on the sidelines in the short term, waiting for clearer directional signals near support and resistance levels.