Bitcoin experienced fluctuations and adjustments from yesterday afternoon to evening, and the bulls started to gain strength around midnight. The price rose from the low of 83684 all the way up to 85434, perfectly coinciding with the previously given long position range, resulting in a gain of over 1000 points. Currently, the coin price has slightly retraced. From the four-hour chart perspective, the situation of the three tracks moving in opposite directions has not changed significantly. After a certain period of bullish strength, the weakening of that strength is quite evident. In the absence of a sustained breakout, it is highly likely that the day will continue to exhibit a fluctuating market. Moreover, with the upward trend in the technical aspect, the range of fluctuations will also move upward. 85000 remains a key level for bullish recovery; if it continues to fluctuate below this level for a long time, there is still a risk of a pullback, with attention on the support level around 83000. Investors need to closely monitor the price's breakout situation at key levels to assess the subsequent trend.

Place a stop near 86000 for Bitcoin, defend at 865000, with a target of 84000.