BTC recently completed a second test near the 87,400 level, followed by a rapid surge. However, overall it is still hovering around the middle band of the Bollinger, with the upper resistance at 88,000 remaining suppressed. This indicates that the current trend is not a strong upward move; it is more of a range-bound oscillation with repeated battles within the zone.

From the four-hour chart, the lows have not gone lower, suggesting that the bearish momentum is weakening. However, the continuation of bullish candles is average, with insufficient volume to support a sustained rally, making the rebound more of a correction. On the one-hour chart, this is even more evident: after a sharp rise, there is a retracement, with the candlestick bodies converging. Short-term chasing of the rally shows weak willingness to follow through; during the consolidation phase, it’s neither strong enough to push up nor to break down.

Overall, the market is currently oscillating with a slight weak correction, requiring time to confirm the subsequent direction.

In terms of trading strategy, focus on short-term range trading. Avoid chasing longs between 87,800 and 88,200. If there is a rebound and resistance is encountered, consider light short positions. Support levels are around 87,200 to 86,800. If the price stabilizes near 86,800 during a pullback, try a small long position to catch the rebound. If it breaks below 86,600, stop-loss and exit. Currently, the market is not suitable for heavy position chasing; the key is to grasp the rhythm and maintain disciplined execution.

The ETH trend is also worth paying attention to, with a similar overall technical logic.