The daily chart of Bitcoin shows a technical rebound after the price touched the lower band of the Bollinger Bands, but the short- to medium-term moving average system is in a bearish alignment, exerting strong pressure on upward movement.

In terms of intraday trend, the 4-hour middle Bollinger Band at $88,500 and the psychological level of $90,000 serve as the core resistance zones; support levels below should focus on $86,000, with a key defensive position at yesterday's low of $85,000. #btc