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Yesterday, Bitcoin surged to 90600 at midnight and then faced resistance and pulled back. After Powell's interest rate decision was announced, the market declined gradually, and the current price hovers around 88000.
On the four-hour chart, the 86000 level clearly halted the decline, with the lows gradually rising, indicating exhaustion of the bears and support from the bulls. The lower band of the Bollinger Bands has flattened, and the price has moved away from the lower band. The middle band has flattened and turned upward, signaling a shift to consolidation and correction. The MACD histogram below the zero line continues to shrink, indicating a significant weakening of the downward momentum.
Tonight, Lin Ran's view is that the short-term structure favors a bullish setup, confidently betting on a rebound.
Trading suggestion: Buy near 87500-87000, aiming for 89000-90400. If broken, continue to look higher.