The Bitcoin market has been quite calm in recent days, with not particularly high market participation, and the price has been oscillating within a relatively narrow range. Based on yesterday's performance, it is basically consistent with our previous judgment, and there have been no sudden breakouts; the entire situation is still within our control.

From a technical perspective, the 90500 level is still holding strong against Bitcoin, and multiple attempts to break through have been ineffective. This clearly indicates that the bears are defending this position very firmly, and there are obvious signs of market pressure.

Currently, this pattern of repeated fluctuations seems more like it is accumulating strength to prepare for the next directional choice. However, the key point is that before this important resistance level is breached, blindly optimistic long positions clearly carry much greater risk.

In terms of trading strategy, we still regard short positions as the main direction, with moderate long positions as a supplementary strategy. Specifically, we can consider placing short orders in the range of 89500 to 90500, with a short-term target aimed at the 88500 to 88000 area. If it effectively breaks below this level, we will continue to look towards the deeper support at 86500.