Based on the current market situation, on the four-hour chart, the price reached the previous high level and encountered significant resistance. Although there was a surge upward, it subsequently pulled back and did not break the original structure. The key support levels below have repeatedly shown signs of stopping the decline. The overall trend is a profit-taking consolidation pattern, with the price moving within the price center range, exhibiting a relatively gentle rhythm. In the short term, the trend has not been broken, but selling pressure still exists.

On the one-hour chart, the price has already stabilized after stopping the decline, with no new lows created, and the bearish momentum shows signs of weakening. However, the volume during the rebound is insufficient, showing a weak rebound pattern, and in the short term, it is in a state of oscillation and tug-of-war. Based on the above, it is still recommended to focus on retracement for buying.

Bitcoin: Buy around 87,500-87,000, add on dips at 86,500, with an upward target of 88,500-89,800#BTC