Short-term market assessment

- Price level: Latest price is $85,782.0, with a 24-hour decline of 6.45%. It has already broken through the short-term support at $87,049.6 and is currently fluctuating near the 24h low of $84,711.1. If it breaks below this level, it may further dip to around $83,000.
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- Technical Indicators: The MACD is in a death cross state, the DIF line is below the DEA line and the value is negative, the downward momentum is still continuing, and no clear rebound signal has appeared.
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- Volume aspect: The 24-hour trading volume is not particularly large, indicating that we are currently in a phase of chip digestion after a panic sell-off, and there has not yet been a large-scale influx of bottom-fishing funds.

Possible future trends

- Bearish scenario: If the overall market sentiment continues to weaken, Bitcoin may test the support range of $83,000-$84,000, and even challenge the key support level of $80,000.
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- Bullish scenario: If it can hold above $85,000 and rebound to break $87,000, there may be a corrective rebound in the short term, with the initial target being around $90,000.