BTC's hourly chart has reached a critical moment! The price is fluctuating around a key level. Are you both afraid of missing out and being trapped? Don't panic, the I Ching tells you with data: "The ultimate bearish trend" is quietly retreating, and the market direction will soon become clear!

Technical analysis breakdown:

The 1-hour chart shows a clear downward trend, with MACD close to the 0 axis forming a death cross, indicating that bears still hold the advantage. Keep a close eye on key positions:

Resistance levels: 87849 (intraday resistance), 89221 (pullback resistance)

Bull-Bear Divide: 86468 (turn bearish if it breaks)

Support levels: 85222 (intraday support), 84093 (rebound support)

Simply put: If it can't break through 87849, it will drop!

News support:

"Ultimate Bears" closed positions worth nearly 40 million USD this month — this indicates that large funds are beginning to take profits, which may weaken short-selling momentum.

Matrixport transferred 1000 BTC (about 86.9 million USD) to Binance — large transfers to exchanges are often a precursor to sales, putting short-term pressure!

I Ching View:
I think it's difficult for BTC to break 87849 tonight, more likely to have a slight rebound to test resistance before continuing to fall. The first target is 85222, and if it breaks, it will accelerate towards 84093. Summary: a rebound is a trap to entice buyers, and the medium-term outlook remains bearish!

Strategy for players:

For heavy investors: reduce your position when it rebounds to around 87849, don't hesitate!

For light investors: if it breaks 86468, you can short with a target of 85222 and set a stop-loss at 87000.

For those with empty positions: hold on! Consider averaging down near 84093 to bet on a rebound.

The more volatile the market, the more calmly you should follow the signals. I am I Ching, an analyst who doesn't deceive, using data and on-chain dynamics to guide your decisions.

I Ching publishes three waves of strategies daily in the village. If you are not holding 5 million, please follow the real-time suggestions from I Ching Village to avoid liquidation risks. The current market is unpredictable, and each villager has different positions, so please keep updating the entry points published by I Ching in the village!