YeWin Thoughts: The large pancake near 87800 is in a defensive position at 885
The daily chart has a bit of a W-bottom indication; the momentum seems insufficient, and the rhythm of the defensive side still has the upper hand—last night, the price surged to 88000, which was quite exciting, but then quickly reversed, and the strong trend could not continue. Instead, it has fallen into a situation of repeated fluctuations at high levels, with multiple upward tests failing, and now it has pulled back to around 87500, indicating that the buying pressure is clearly lacking. Looking at the underlying logic behind this fluctuation, it resembles "building momentum downward" rather than a rebound strengthening.
The technical signals are very clear:
In the 4-hour cycle, the price continues to run below the middle line of the Bollinger Bands, and the entire channel is gradually descending, with each rebound height being lower than the last;
The MACD indicator has formed a death cross below the zero axis, and there are no signs of energy momentum declining; instead, there is a possibility of continued release.
Right now, this round of rebound is essentially a technical repair fluctuation and not a signal of trend reversal. Simply put: the rhythm favors the defensive side, and the risk of bottom-fishing far exceeds the potential reward. $BTC #BTC走势分析
