Looking at the trend of the US stock market tonight, there was no improvement at the opening, and it has been in a downward movement all the way down. If BTC can't break through the range of 86800 to 87125, it is highly likely that it will prepare to fall below 85000. Even if there is a rebound, based on the 0.382 retracement level, it would only reach around 88000, which has now become a clear ceiling.

From 85000 down to 80600, the 5000-point space in between can basically be considered a vacuum area. Personally, I think there is no need to rush to bottom-fish and go long here. If you really want to go long, it would be more prudent to wait until it first falls below the 80,000 mark and then tentatively attempt a rebound in the 78800-78200 range. As for the bears, they should keep a close eye on this 5k point space; there are plenty of opportunities to accumulate in batches.