Bitcoin experienced a 1.53% correction after reaching a new all-time high, with the current price repeatedly oscillating above a key support zone. This kind of movement is quite common—after a new high, a cooling-off period is a normal technical correction and not necessarily a sign of trend reversal.

From the market details, open interest has remained at a high level, indicating ongoing participation. This suggests more of a battle between bulls taking profits and bears testing the waters, rather than clear signs of main players offloading. The price has received continuous buying support above the previous breakout level, and the selling pressure on lower timeframes has been gradually absorbed, with no signs of panic selling.

The technical advice is as follows:

The bullish outlook remains, with an entry zone between 89,000 and 89,500. Set a stop-loss at 87,500—this is a hard stop and should not be moved arbitrarily. The first target on the upside is 92,500. If a smooth breakthrough occurs, then 95,000 becomes the next key level to watch.

The crucial area is the demand zone between 87,500 and 88,000. As long as this zone is not effectively broken, the bullish market structure remains intact. This pullback has actually laid a more solid foundation for subsequent upward moves.