Currently, Bitcoin remains high but has not broken upward. It has been consolidating between 87 and 88. At present, Zijun believes that a downward pullback for correction is still needed. Recently, there hasn't been much news, and the probability of staying in this range is quite high. Currently at a high position, those without positions can consider planning to go south.

From a technical analysis perspective, the current four-hour level shows a pattern of three waves upward. The fact that the upper level has not broken for a long time indicates that the pressure is very obvious, making it difficult to break through. At most, after completing the fourth wave, a pullback will occur. Either it will drop directly today, or MACD indicators show a decrease in bullish volume. Currently, this candlestick is not particularly good. However, it is clearly felt that the bullish momentum is slowing down. The focus is on going south during the day.

Bitcoin trading suggestion: Near 87800, go south

Target: 85000$BTC