Intraday Market: The price rose to the upper band of the 4-hour Bollinger Bands and faced resistance, then pulled back, oscillating above the middle band. In the short term, it encounters a strong resistance zone where four moving averages converge, indicating a strong bearish atmosphere; MACD green momentum bars are shrinking but still weak, and KDJ is turning downward from a high level, indicating downside risk remains. However, the Bollinger Bands are parallel, with the lower band rising to 85,200, suggesting the market may fluctuate within a narrow range. Investors can consider high selling and low buying.

Daily Level: The price has been repeatedly blocked at the middle Bollinger Band. MACD's DIF and DEA lines formed a death cross and are now narrowing for the first time, with a potential golden cross to watch. KDJ and RSI are turning upward at the bottom, but the lower Bollinger Band is being tested again, and a secondary divergence leading to a significant decline is possible. A rebound to high levels should be used to short.

Bitcoin: Range around 88,300-88,800, with a correction at 89,300, and further downside targets at 87,300-86,000#BTC