Bitcoin touched a high of $90,300 two days ago before beginning to retrace. Yesterday morning, the price was mostly sideways, with both bulls and bears temporarily balanced; during the midday session, the price dipped to test the $86,758 level, then oscillated higher to start a rebound; in the evening, it surged to a high of $89,360, then slightly retreated, reaching around $87,830, before oscillating upward again. As of now, the price is trading around $88,500. From the overall trend, the current oscillating tug-of-war is gradually narrowing, which also indicates that before the end of 2025, the market is unlikely to see a large-scale directional move, and the sideways pattern is likely to continue. Until a clear trend reversal signal appears, the market will continue to operate within the current small range, engaging in high and low trading.