The price near $88,500 has failed to continue rising and has begun to decline, currently hovering around $87,000. It may be difficult to maintain the key support level of $86,800 in the short term. In other words, if it falls below this level, the price may continue to seek new support.

From a technical perspective, Bitcoin has recently started a new round of decline from $90,500, having fallen below $88,000 and the 100-hour moving average, with short-term bullish momentum clearly weakening. On the hourly chart, a bearish trend line can also be seen, with resistance near $87,650, indicating that it is not easy for the price to rebound and may easily face resistance and fall back.

For newcomers in the cryptocurrency space, this means that Bitcoin is currently in a consolidation phase in the short term, with upward momentum temporarily limited. If the support level of $86,800 is breached, it may continue to probe lower. It is advisable for investors to control their positions when trading, avoiding blindly chasing prices, and to pay attention to support and resistance levels to assess opportunities for subsequent rebounds or declines. Meanwhile, with high market volatility, careful decision-making is essential.

Overall, in the short term, Bitcoin seems to be undergoing "oscillation adjustment". If the support holds, one can wait for a rebound; if the support is broken, one should guard against the risk of further decline.