BTC continued its downward trend yesterday, briefly dipping to 83,600 points in the early morning and then entering a sideways consolidation. The 4-hour chart shows a rebound signal, but the strength is relatively weak, insufficient to reverse the downward trend.

Technical observations indicate that the price has reached the middle band of the Bollinger Bands, with clear short-term pressure. It is noteworthy that this position has successfully suppressed price rebounds twice in a row, further validating the market's bearish expectations. It is recommended to maintain a high leverage strategy, focusing on observing the resistance level's suppression effect. It is advised to closely monitor key point changes and cautiously manage position risks.

In the morning, I personally suggest that Bitcoin rebounds to the range of 85,000-85,500, with a target around 83,000!