#数字资产市场动态 $BTC After the sharp decline to 86355 in the previous wave, a clear long lower shadow appeared — indicating that there are indeed buyers stepping in at the bottom, and the selling pressure from the bears has been somewhat alleviated. However, to be honest, the rebound action is not very impressive; it’s more of a technical correction after the decline.

From a structural perspective, the lows have not been broken again, and the highs have moved higher, but the price turned around near 88000, where it encountered cold resistance and fell back, leaving several upper shadows. This means that each time there is a rebound, the sell orders above are very aggressive, making it difficult for buyers to establish a firm footing.

Looking at the moving averages, although the price has returned near the short-term moving average, it has not truly broken through nor stabilized above it. Overall, it remains a rebound within a downtrend. On the 1-hour K-line chart, although the bullish candles continue to appear, their bodies are relatively small, and trading volume is obviously insufficient — this mainly reflects bears replenishing their positions and market sentiment taking a slight breather, rather than new bullish capital entering in large quantities.

In simple terms, the current market is still a weak rebound within a downtrend, with key resistance levels not yet truly broken, and the overall market structure has not improved. The next focus is whether it can effectively break through the 88000 barrier. If it continues to oscillate below or the rebound weakens further, caution is needed for the next wave of decline. In the medium term, bears may still continue to exert pressure.

The operational suggestion is not to chase highs blindly; instead, pay attention to whether there are signals of being pushed down again near resistance zones, as that would be a more reliable trading opportunity.