#BTC对标贵金属的竞争格局 From the 1-hour K line, the current rhythm is a weak oscillation, and the bearish sentiment is quite obvious.

Every time it rebounds, it gets stuck at the middle and upper bands of the Bollinger Bands, making it difficult to break through. The pressure at the 88000 position is particularly strong, but the trading volume is not keeping up. To put it simply, there are people wanting to push it up, but there aren't enough of them. The rebound looks more like a repair rather than a true reversal.

The support point below can see some buyers around 86500, but the strength is really limited. The bulls are obviously on the defensive and seem to be struggling a bit.

The short-term trading idea is very simple – short at highs. Specifically speaking:
- Bounce back to the range of 87800 to 88200, pay close attention to whether it can stabilize.
- Once it falls below 87000, the next focus will be 86500, or even the previous low.
- Never chase the bulls, wait for a more suitable position to take action, and manage your position and pace well.

In summary: Before the structure really turns, every rebound is just an opportunity for bears to get on board.