$BTC From a technical structure perspective, on the daily chart, the price is under pressure, oscillating around the middle track, and the running channel is in a state of narrowing downwards. The bearish volume arrangement continues, with false signals but no signs of volume reduction. The moving averages are turning upwards but failing to maintain this trend. It cannot be said that there are obvious signs of a significant decline, but currently, there is no demand for upward movement.

On the four-hour chart, the pattern shows an upward spike test, presenting a retracement trend. The bullish volume is insufficient, and it is difficult for the running channel to open upwards. The moving averages are subtly turning, and in the short-term rhythm, it still leans towards a weak downward consolidation. Our subsequent strategy will mainly focus on entering short positions.

Bitcoin personal trading suggestion: short near 86300, targeting 85300-84200. If it breaks down, continue to look down!