From a technical perspective, Bitcoin quickly rebounded after reaching the 84500 level, indicating strong buying support in that area. An inverse head and shoulders pattern has appeared on the hourly chart, and the MACD indicator shows signs of bullish divergence in the oversold zone. The RSI has also rebounded from lows, and short-term bearish momentum has significantly weakened. The price is expected to oscillate and recover around the 84500-85000 support zone.



Although a deep correction occurred overnight, the daily upward trend structure remains intact. This decline can be viewed as a technical correction after a continuous rally. The current price has initially stabilized; if it can hold around 85500 and successfully break through the short-term resistance at 86500, the rebound strength is expected to increase, with the next target around 88000.
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Overall, after the market quickly released selling pressure, the bulls have attempted to organize a counterattack. In terms of trading, focus on buying opportunities on dips near support zones, and pay close attention to whether trading volume supports the rebound. As long as the key support at 84500 holds, the short-term trend remains biased towards oscillation with a bullish outlook.
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