Currently, Bitcoin is steadily above the 87,000 level, with recent prices oscillating narrowly between 87,000 and 88,000, showing an overall trend of bottoming out and rebounding. Although recent trading volume has contracted, market selling pressure has significantly weakened, and sentiment has gradually shifted from panic selling to stabilization and consolidation, accumulating sufficient momentum for the bulls to launch a subsequent counterattack.

From the market structure analysis, the four-hour cycle shows a sideways consolidation pattern with alternating bullish and bearish phases. The price continues to converge around the middle band of the Bollinger Bands, with the high and low points' fluctuations gradually narrowing. The battle between bulls and bears has reached a heated stage, and the market has entered a critical point for a direction choice.

In the one-hour cycle, although the price relies on the middle Bollinger Band for support and oscillates upward, the upper shadow of the candlesticks has lengthened significantly, highlighting that selling pressure above is entering a phase of explicit release. Technical signals are becoming ambiguous. Moving forward, it is essential to focus on macro policies and industry fundamentals to capture the core driving logic that could break the current range. Morning trading strategies suggest mainly buying on dips.

Specific operational suggestions: Pay attention to support levels at 87,300-86,500 and below at 85,800-85,300. Once supported, consider attempting to buy low, aiming for a space of 500-6000 points.