June 12 Morning Analysis: Bitcoin experienced a V-shaped fluctuation overnight, rebounding from a low of $87,688 to $91,720, and is consolidating around $91,000 this morning, with a 24-hour slight increase of 1.8%. After a $350 million market-wide liquidation, funds are repositioning in the $87,000-$92,000 range due to uncertainty over the Fed's rate cut decision on Thursday. The daily chart shows an ascending wedge and neutral RSI, indicating waning momentum and an imminent directional move. Strong support is at $87,500-$88,000, clear resistance at $91,500-$92,000. Combined with Fed disagreements and domestic regulatory rumors, volatility is increasing. In the short term, hold key levels and avoid chasing highs or selling lows; only follow the trend if a breakout occurs. Prioritize caution.