From a technical perspective, Bitcoin has shown clear signs of a bottoming rebound after falling from the high of 89,400 to around 84,500 in the early hours. The price received strong buying support in the key support zone (86,500-86,000) and quickly rebounded to around 87,000, indicating that this decline is more likely a healthy correction of the previous rapid rise rather than a trend reversal. On the small cycle chart, both MACD and RSI indicators show exhaustion of bearish momentum, with signs of bullish divergence and golden cross, suggesting short-term rebound momentum is building.

Overall, despite the significant pullback, the medium-term upward structure remains intact, and the price is still above the key dynamic moving averages. The current market favors a consolidation and rebound. If the price can stabilize above 87,000 support and break through the short-term resistance zone of 87,500-88,000 with increased volume, it may restart the upward trend and retest the previous high pressure level. #美联储降息预测 $BTC

In terms of operation, it is recommended to adopt a slightly bullish outlook, considering the 86,500-86,000 zone as an important support-resistance dividing line. As long as this support area remains effective, a fall and stabilization can be viewed as a buying opportunity, with the primary target on the upside being around 88,000. Caution is advised if the price drops below 86,000 with increased volume, as the short-term trend will weaken, requiring timely strategy adjustments.