Fall

Bitcoin's intraday fluctuation range is approximately $85,500 to $88,000, with key support at $85,500 to $86,000 and strong support at $80,000; resistance at $90,500 (previous consolidation level) and $94,000 (downtrend line).

• Sentiment and Technicals: The Crypto Fear and Greed Index has dropped to 11 (extreme fear); the daily RSI is around 43, bearish; futures open interest has decreased, and selling pressure on perpetual contracts has increased.

• Performance over the past two weeks: After fluctuating down from the high of $94,000 at the beginning of December, the range has been between $85,000 and $94,000 for the past two weeks, with institutional year-end settlements and tightening liquidity suppressing short-term trends.