Bitcoin is currently in a typical post-drop recovery phase. From the previous low around 88,000, although there has been a clear pullback, it has not continued to break down with increased volume, indicating that the selling pressure is gradually weakening. On the 1-hour chart, the middle band of the Bollinger Bands has already flattened, and the price is repeatedly testing near the middle band, suggesting that the short-term movement is more about correction rather than further decline.

Looking upward, the 91,500 to 92,000 range is worth close attention—this area is not only a dense trading zone from the previous decline but also a resistance level at the upper Bollinger Band. If the price first touches this range, consider trying a light short position.

Downward, the 89,500 to 88,800 support zone is crucial. If the price retraces to this area but does not break below, you can consider a low-buy strategy, with stop-loss placed below the previous low.

Currently, the market rhythm is essentially range-bound oscillation. There’s no need to chase after rises or falls; waiting for a breakout is more prudent than entering blindly.