Bitcoin's performance yesterday was quite interesting—after quickly dropping to 87,402, it immediately rebounded, forming a typical bottoming pattern. From the candlestick chart, the price has already re-entered the middle band of the Bollinger Bands, and the bandwidth is gradually expanding, which usually indicates that the bullish momentum is still there.

The key point is that the price broke through the previous consolidation range, and during the pullback, it did not break the important support levels, indicating a healthy trend adjustment. Simply put, Bitcoin is currently still operating within a short-term upward channel.

From a trading perspective, opportunities to go long can be considered in the 87,300-87,800 range, with attention to potential resistance around 88,800-89,800. As long as the key support is not effectively broken, there is still room for a rebound. Also, keep an eye on the performance of privacy coins, as recent signals have shown quite a bit of activity in that sector.