Bitcoin is currently around 86,900. After a quick dip to a low point within 24 hours, the price rebounded rapidly, completely reversing the previous continuous decline trend. The bearish momentum has been exhausted, and the 85,000 level has formed a support.

In the four-hour chart analysis, the rebound after touching the lower Bollinger Band is quite impressive. The support at the lower band is significant, and the downward slope of the Bollinger Band continues to slow down, with the band width narrowing simultaneously. After oscillating and consolidating, the upward breakout trend is becoming more evident.

The candlestick pattern shows a strong bottoming and rebound formation, with the closing price firmly above the lower edge of the consolidation platform. In the short term, the bulls hold absolute dominance. Grasping this wave of market movement can lead to profit leaps.

Trading suggestions: Buy near 86,200-85,000, aiming for 88,000-90,000. If broken, continue upward; if not, follow the trend accordingly.
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