#BTC对标贵金属的竞争格局 BTC is hovering around 87500, will the Rebound fail and continue to fall?

It just surged above 90,000 but couldn't hold. Now it has fallen back, with a low even reaching 86,976. This rebound looks lackluster—bulls are clearly exhausted.

The daily chart speaks volumes. The big fall after that has not been fully corrected, with the Bollinger middle band constantly pressing down, and the trend has not reversed. The current movement is a weak rebound followed by fluctuations, leaning towards a bearish pattern. The 4-hour chart makes it clearer, as the highs are continuously declining, and the price has touched the lower Bollinger band. The MACD is still rotating below the zero line, with the bears holding the advantage. Although there is a technical rebound in the short term, the trading volume is not keeping up; rather than a rebound, it's more of a weak one.

How to view key price levels?
The pressure is here: 88200, 89500–90000
Support here: 87000, 86000

How to operate in practice

**Bearish Outlook**: Short in batches in the range of 88000–89500, with a stop loss above 90500, targeting 87000 and 86000.

**Bullish Outlook**: If it stabilizes at 86000–87000, you can try a short long position, targeting 88000–88500, with a stop loss below 85200.

In simple terms

The rebound momentum of $BTC is not strong enough, continue to treat it as a short on the rebound below 90,000. Wait until it stabilizes with increased volume before considering going long; if you jump in directly now, you might get slapped.