Morning Analysis

Bitcoin current price is $86,000. After a quick rebound following a 24-hour low, the $85,000 level has formed a solid support. After a previous continuous decline, the bearish momentum has weakened, and the rebound has a solid foundation for recovery.

On the 4-hour chart, the price touched the lower Bollinger Band and rebounded. The support at the lower band is effective; the downward slope of the Bollinger Band is slowing, and the band width is narrowing, indicating a high probability of an upward breakout after consolidation. The candlestick bottomed out and rose, closing above the lower edge of the consolidation zone, with short-term bullish dominance and clear oversold signals.

Trading suggestions: Look for long positions around 85,500-85,000, targeting 87,000-87,500.
Altcoin 2770-2800 range for long positions, with a target of 2970-3000.