Bitcoin recently faced resistance twice around 86000, with a slight rebound but weak upward momentum. In the short term, the 87200 to 87400 range has become a new resistance level, while 88000 to 88200 is an even more important resistance zone.

From a technical perspective, in the 120-minute cycle, 85400 forms a strong support. The support and resistance levels on the 4-hour and daily charts are basically consistent, indicating strong multi-cycle resonance. During the evening, before the important data releases and the US market open, it is difficult for the price to break through the existing range, and sideways consolidation is more likely.

Trading suggestion: Consider moderate short positions around 87200, add to short positions at 87600, with the first target at 86000. Remember the importance of support levels and avoid blindly chasing shorts.