Bitcoin has been relatively sluggish recently, with the price mostly in a consolidation pattern.

Yesterday, the highest rebound was at 90600, which acted as resistance. This level was previously identified as a strong resistance zone, and multiple attempts to break through and stabilize above it have failed. The support at 87300 is crucial, and the short-term trend is fluctuating between these two points.

On the four-hour chart, the market is testing the upper band and pulling back. It has now broken below the midline, indicating a continuation of the bearish trend with further downside potential. However, the downside space is not too large, about a thousand points, so we can consider a rebound from the bottom for a bullish move.

I suggest everyone consider buying in stages within the 87300-86800 range, aiming for a target around 90500, with a breakout potential near 92000.