In the early morning, the overall Bitcoin market maintained a wide fluctuation, with the price operating within a range and not fluctuating much during the day. Currently, the price is running around 87600, just slightly lower than the previous range. On the daily chart, the market has rebounded multiple times but failed to stabilize around 88000. Currently, the Bollinger Bands are opening downward, and all moving averages are maintaining a downward posture. The five-day attack line above is forming short-term pressure around 90000 and is slowly moving down. If the market cannot show a strong rebound during the day, there is a possibility of further price decline. All indicators in the attached chart are showing downward pressure, indicating that the market is biased towards a downward trend. Therefore, the suggestion is to focus on short positions for rebounds, with long positions as a supplementary strategy.

From the perspective of the 4-hour chart structure, the downward probing has also stopped, but given the current trend, it is still relatively effective. Support is also slowly rising, and the bearish volume is shrinking. The price ratio is returning to a correction phase, and this process requires some time. Using around 87000 as short-term support, it may form a local consolidation or correction upwards. It depends on the size of the rebound space, which can be large or small. A large space indicates a deep adjustment, while a small space indicates lateral consolidation and correction. One can enter short positions at high points and consider long positions at low points.