$BTC From a 1-hour perspective, the overall trend of Bitcoin remains in a weak, bearish consolidation structure.
The price has rebounded multiple times but has been constrained by the middle and upper Bollinger Bands, with significant resistance at the 88000 level. The volume has not followed through, and the rebounds are more about correction than reversal. There is support appearing around the 86500 level, but the strength is limited, indicating that the bulls are defensive.
In terms of operations, the short-term focus remains on shorting during rebounds.
Monitor the pressure situation in the 87800–88200 range during rebounds.
If it breaks below 87000, look for support at 86500 or even the previous low.
Do not chase long positions; be patient and wait for the right levels, controlling positions and rhythm.
In summary, until the structure changes, rebounds are opportunities for bears to enter the market.
