Looking at the 4-hour chart, Bitcoin is currently trading below the middle band of the Bollinger Bands. The lower band of the Bollinger Bands forms a clear structural support, and the short-term downward space is quite limited. The recent pullback after breaking through the upper band is, frankly, a common technical correction within the Bollinger channel and a normal retracement. However, from the recent trend, initial signals of a rebound and recovery have already been released.

From a macro perspective, the current sideways consolidation is actually a healthy adjustment within an upward trend. Support levels below are becoming more solid, and the technical outlook remains positive without any fundamental change. This indicates that there is still upward momentum for a breakout. Based on the price position, for long positions, you can consider the 87000 level as a reference, which is an important psychological level, while the 91000 level above is a key observation point in the near term. Overall, buying points are gradually accumulating, and patiently waiting for confirmation signals will be more prudent.