Bitcoin maintained oscillating and pullback movements intraday, with unclear short-term direction. Focus of overnight operations is to find low points for long positions, closely monitoring breakthrough actions at support and resistance levels.

**Where are the opportunities for low long positions**

The midnight key support is pinned at the 89200-88300 range, which perfectly coincides with the important support of the 4-hour level and happens to be close to the previous rally starting point, with quite obvious bottom-fishing signals. Once price probes down to this range and stabilizes, consider entering long positions with stop loss below the support level for controllable risk. The hourly RSI is nearly approaching oversold territory, downside momentum is nearly exhausted, so building a long position at this time is indeed cost-effective.

**How to view the rebound**

The first resistance level is none other than 90500, which is the watershed of recent oscillating consolidation and may face another round of fluctuation upon contact. If it truly breaks 90500, the upside space opens to the 91600-92200 range, which both corresponds to previous resistance and touches moving averages, so volume confirmation is needed. Before 90500 breaks, be cautious of sharp downside moves caused by insufficient rebound strength.