Currently, the 1h level rebound starting from above 83000 is nearing its end based on the short-term structure. The short-term may push up a bit more, with a maximum expected to reach around 89500, after which there will definitely be a 1h correction.
We need to keep a close eye on the strength of the retracement. If the retracement breaks below 83000, we must be cautious of the price making new lows.
Market analysis
For the 4h level, it is still uncertain whether the rebound can continue. If a rebound rhythm occurs later, it will inevitably lead to a new round of daily level increases, which will last at least 2 months or more. Therefore, the rebound will not come that quickly. Mid to long-term players should continue to patiently wait for the opportunity to buy the dip; the question is only at what position to enter, ideally after a retracement and a secondary buy.
Looking at the 1h chart, if it breaks below 86000, it means we have entered a 1h correction. However, it hasn't broken yet, so there are many uncertainties. One can only say that from a structural perspective, the 'head and shoulders' pattern has appeared, and we will see if it can push up to the 'top' (89000).