1. Market Overview Combining the daily candlestick and 48-hour hourly data from the last 14 days, BTC currently shows characteristics of stabilizing gradually after significant fluctuations in the market. The latest closing price is 87440.6, reflecting the oscillation adjustment after a short-term rebound. Looking back at the hourly data over the past two days, BTC has rebounded multiple times after finding support around the low level of 86000, with a fluctuation range between 86182.7 and 87839. In terms of trading volume, there was a significant increase during the extreme decline phase (for example, in the recent 14-day candlestick, it dropped to 85129.4 and 86637.2), with daily trading volumes reaching as high as 37466.8 and 19946.6. Recently, trading volumes have slightly contracted compared to earlier periods, with the latest daily volume at 810.396, indicating a decrease in selling pressure but limited rebound momentum. Regarding market sentiment, recent news and KOL opinions point out that mainstream funds show signs of forming new support at low levels, with significant divergence between bulls and bears. 2. Technical Analysis 1. Daily Data Analysis The daily candlestick volatility continues to increase, with the highest point being 107500 in the last 14 days and the lowest dropping to 80600, showing a wide range indicating that the market is in a period of severe fluctuations. The recent convergence range is concentrated between 84600 and 87800. Support levels can refer to the hourly and daily lows—the short-term strong support is around 86000 and 85700, with extreme support looking at 80600. The upper resistance level is at the 87800 line, with further pressure at the previous high points around 88000 and 89000. 2. Hourly Trend Analysis BTC quickly rebounded from low levels yesterday, with hourly prices continuously bouncing from around 86000 to 87839, followed by a high-level pullback of some gains. Market makers have shown significant intervention in the 85700-86000 area, and 87800 constitutes short-term pressure. From the trading volume perspective, multiple breakthroughs accompanied by increased volume indicate a warming up of buying, but the upward momentum is weak, requiring caution against false breakout risks. 3. Volatility and Direction Analysis Based on the candlestick trends, the short-term market is primarily characterized by wide fluctuations. Although the downward space has somewhat alleviated, the sustainability of the rebound is weak. The rebound highs are gradually declining, but the lows are showing stabilization characteristics, suggesting that the market is attempting to build a bottom. 3. News and Policy Interpretation According to the latest reports from various media outlets such as Cointelegraph and Benzinga: Institutions like NYDIG analyze that BTC demand is driving a short-term reversal while emphasizing that the long-term foundation remains intact. The related news mentions that "inflows into exchanges and national-level demand for cryptocurrencies are key, but currently lead to a decline in BTC." This viewpoint aligns with the fact of BTC's rebound after a decline. Additionally, analysis points out that after a panic sell-off, BTC shows initial rebound strength, and the market is starting to focus on a new round of bottom-building processes. At the same time, there are no new policy changes, with related policy statistics at zero, and expectations of external regulatory changes having limited impact on this round of market dynamics, which is mainly driven by funds and market sentiment itself. 4. Analyst Opinions Consolidating original quotes: "#btc Lying in ambush for more entry: 83700-83100 Take profit: 85300-86900-88500 Stop loss: 82100" and "BTC Support: The current price has reached 86000 USD+ but whether it can stabilize needs further verification, with extreme support at 75888 USD. Pressure: The upward pressure level is at 89600 and 91200." These suggestions highly align with the current price trend, indicating that the mainstream market opinion still tends to touch bottom around 86000, with 88600-89600 as the first rebound target. It should be noted that analysts also remind to maintain stop-loss points to prevent profit pullbacks from turning into losses. The mainstream strategy is to accumulate long positions at low levels, move protective stop-losses, and target the 88500-88600 range. Moreover, "BTC long positions, move stop loss to 85600, take profit unchanged, continue to hold, expected to hold overnight." This indicates that the long position confidence is still acceptable. However, from the actual trend, despite the rebound, the highs have not been able to continuously break through the pressure around 87800, with limited short-term momentum. 5. Future Trend Prediction and Operational Suggestions Based on the candlestick trends and trading volume structure, BTC may still oscillate within the 86000-87800 range in the short term, with 80600 as an extreme defense. If it can clearly stand above 87800, it will impact the 88500-89000 range. However, if it loses 86000, it will need to guard against testing previous lows of 85130 or even lower support. In terms of operations, it is recommended to use 86500-86000 as the short-term long entry area, targeting 87800-88500; if it breaks below 86000, it is advisable to stay on the sidelines or strictly stop-loss. At the same time, existing long positions can gradually move protective stop-losses up to 85600 to lock in profits and prevent ineffective rebound pullbacks. 6. Risk Warning The current candlestick shows that BTC is stabilizing after a significant fall at high levels, but the rebound strength is insufficient, with short-term volatility increasing, and daily high-low price differences exceeding a thousand dollars, alongside drastic fluctuations in trading volume, which poses risks of false spikes or false breaks. If sudden news triggers concentrated selling pressure again, the low point of 80600 is not unbreakable. Investors need to control positions strictly, adhere to stop-losses, avoid emotional trading during severe fluctuations, and closely monitor the changes at the critical levels of 86000 and 87800. In summary, BTC is currently in a sensitive bottom-building period, with limited recovery of market sentiment. Operational responses should be flexible, focusing on preventing extreme short- to medium-term market risks. In actual execution, all key price levels and suggestions must be strictly referenced against existing candlestick range data.