Without the pressure from the US stock market, $BTC had a decent rebound over the weekend, nearly reaching 87000, just a step away from the first resistance level of 87500 on the daily chart. If it can break above, the rebound could reach another level. Whether the US stock market will dip again next week, leading $BTC to test 80,000 again, is a key factor in the near term.

80,000 dip support must be maintained to indicate a short-term bottoming out, while the reversal point for the medium-term market is at 96,000. If it later stands above 96,000, it would indicate a shift in the medium-term market from a downtrend to an uptrend.