Looking at the recent BTC trend, there are some clues from the 4-hour chart. After surging above 90,000, it quickly reversed—a classic false breakout. The long upper shadow on the high point clearly indicates the issue—selling pressure concentrated and pushed down, buyers clearly unable to hold, and the bulls appear quite weak.

Currently, the price has fallen back below the middle band of the Bollinger Bands. The middle band remains flat with a slight downward tilt, indicating a shift from strength to weakness. The market has re-entered a range of oscillation with a slight bearish bias, which feels a bit boring.

Looking downward, the zone around 86,300 to 86,500 is interesting—the previous low and the lower Bollinger Band coincide here, which could serve as short-term support. However, honestly, this looks more like a retest during a rebound rather than a trend reversal signal. Volume is insufficient; the previous rally seemed mainly driven by sentiment, and its sustainability is weak.

In terms of trading strategy, mainly focus on shorting rebounds. Keep an eye on the 88,000 to 88,500 range to see if the rebound can stabilize. If volume is insufficient and the position cannot be effectively defended, consider light short positions. For defense, watch above 89,200. If the price retraces to around 86,500, small positions can be used for a technical rebound, but quick in and out is essential—don't hold on for too long.

Overall, this pace is not suitable for heavy positions betting on direction. The primary task is to control risk, follow the structure and market sentiment, and wait for clearer signals before adding positions.