I looked at Bitcoin's recent trend, and there's still a lot of story on the 4-hour chart. This morning, it stalled at the 87200 level and then started to stabilize. Now it's oscillating around 87800, and the Bollinger Bands are gradually tightening—this kind of sign usually indicates that a direction is about to emerge. The middle and lower bands are both beginning to turn upward, which is a good signal.

The short-term support and resistance levels are quite clear. The 1-hour candlestick chart is even more interesting; the lows of the pullbacks are gradually getting higher, indicating that the bears are showing some weakness, and the selling pressure can't hold up. Trading volume continues to decline, and there's not enough momentum for the price to drop sharply.

From this perspective, considering a long position around 87000 and 86500 is a reasonable idea. If it breaks through smoothly, the next target is 89400, and if it really breaks below, 92600 is the next potential space.