#数字货币市场回调 This rebound in the afternoon looks quite strong, but in reality, the momentum is clearly insufficient. Bitcoin wants to recover the losses from earlier in the day, but it got stuck at the hurdle of $87,000, hitting a snag around $86,800 and then retracing downwards. Now it has fallen back to around $86,500, moving slowly. This trend shows a sense of fatigue, and the long positions really have no strength at this moment.

Looking closely at the hourly chart, the rebound has left a long upper shadow at that high point—bears are not idle at critical positions, holding it down tightly. The whole situation is that it bounces up from a low level and then gets pressed back down, with each rebound lower than the last, clearly indicating that the bears are in control now. The area from $87,800 to $89,200 has already formed a thick resistance wall; if the price cannot break back into this range and stabilize, the downward momentum will likely continue in the short term.

If the price continues to soften and falls below today's low of $85,700, the next stop is likely to find support around $85,000, and it might even test deeper structural support zones. Currently, long positions are struggling to mount a counterattack, and key resistance levels have not been broken, leaving the entire market stuck in a weak consolidation phase. During such times, one should be wary of another round of bottom testing, closely monitor whether those key support and resistance levels hold, and it’s better to play it safe until the trend becomes clearer. $BTC