Yesterday, the Bitcoin icon rose slightly to 85500 after falling to 83110, then fell back slightly to around 84000 during the night. Overall, the 4-hour level still has Bitcoin in a range between 83000 and 86000, and the market makers have not broken this range balance for now.

From the 4-hour perspective, the MACD is still in a death cross state, and the overall trend remains sideways. To break through the upper range of 86000, a golden cross in the 4-hour MACD is needed. If it falls below the daily 20-day line at 82500, then we will look for support at the 80000 level. In summary, we are currently in a range, waiting for the market makers to break the range balance.

Looking at the daily chart, Bitcoin is still operating above the 20-day line at 82500, so we consider this a bullish trend icon. We need to closely monitor the gains and losses around the 20-day line in the next few days. If it holds above the 20-day line, it will aim to complete the final round of this rebound from 87000 to 90000. If it falls below the 20-day line at 82500, a new round of bottom exploration will begin, potentially going below 80000, so we need to be patient.

From the weekly level, it is expected that this week will encounter resistance. The 20-week line is about to head downwards, remaining in a larger correction cycle, so we anticipate a pullback for bottom exploration starting next week, likely lasting around 2 weeks, at which point we will reassess. In summary, the current weekly Bitcoin is not positioned, and low buying in the spot market needs to wait for further corrections.

Summary:

1. Bitcoin is still operating in a 4-hour level range between 83000 and 86000 in the short term. A golden cross in the 4-hour MACD will lead to an upward breakout, targeting 87000 to 90000.

2. If it falls below the 20-day line at 82500, we will look for a downward breakout and see what happens below 80000.

3. The weekly correction cycle is not over; mid-term low buying still needs to wait.