From the market structure perspective, in the four-hour timeframe, the price experienced three consecutive bullish rebounds and faced strong resistance at the middle band of the Bollinger Bands. Although there was a rebound on the pullback, considering the previous trend and the downward opening of the Bollinger Bands, the momentum is insufficient to break through the middle band resistance, and the future trend still leans towards a correction.

On the one-hour timeframe, the market temporarily pierced the upper band of the Bollinger Bands and then quickly fell back into consolidation. The MACD momentum shifted from increasing to decreasing, while the KDJ and RSI indicators moved downward in sync, signaling a short-term correction. In summary, the main trend is a rebound towards the upper levels.

Bitcoin: Range around 87,800-88,300, with a correction at 88,800, and support at 86,800-85,200.