BTC Market Analysis:

The current price of Bitcoin is 86520. From the 4-hour perspective, BTC has entered a high-level consolidation phase after a prior surge and pullback, with the price oscillating around a central level, showing significant long-short divergence, but the trend structure has not yet been broken.

In the short term, BTC has repeatedly found support around 86000, quickly recovering after pullbacks, indicating that there is still support below; however, there is also significant selling pressure above, and the market has not yet established a clear direction, leaning more towards range-bound trading.

Support levels below: 86000 / 84800 / 83500

Resistance levels above: 87800 / 89500

The hourly trend shows that the price is oscillating within a range, with no significant increase in bearish momentum, and bulls also lack continuous volume breakthroughs. If it can effectively stay above 87800, there is a possibility for further testing at 89500 in the short term;

If it breaks below 86000, attention should be paid to 84800, and if that fails, it may pull back to 83500 for support confirmation.

Trading suggestions:

Long position: around 86000 with targets at 87000 and 88000

Short position: 87800–89500 with a target at 86500

BTC is currently in a high-level consolidation phase, the trend is not broken, but the short term lacks the conditions for an explosive move.