Bitcoin is fluctuating at a high level, having fallen 8000 points to 83786 yesterday before rebounding. Currently, the bears are dominant, but the rebound potential of the bulls cannot be ignored. Firm opinion: as long as 87200 is not broken, the bullish outlook remains unchanged; if the previous starting point is not突破, significant resistance exists above, and we need to wait for a pullback opportunity.

Technical analysis: After a downward movement, the four-hour chart has rebounded, entering a correction period. The bulls have regained some ground, but the Bollinger Bands are opening downwards, indicating a bearish main trend. On the hourly chart, the price rebounded but encountered resistance below the upper Bollinger Band. The moving averages are diverging upwards, but the indicators are retreating. The larger bearish trend remains unchanged, and there is a high probability of a second retest of the support below after the rebound.

Observe the rebound strength in the morning, and wait for signals of momentum exhaustion or pressure before positioning for shorts.

Big Pie: around 86600-87000 resistance, add at 87600, looking down at 85600-84000 #BTC