As the quiet period of the Christmas market rally comes to an end, Bitcoin remains trapped in the 87,600 range, with a tug-of-war under the seemingly stalemate market. The imbalance of multiple forces has gradually become apparent, and short-term trading opportunities are emerging in tandem from technical patterns, macro environment, and market structure.

From a technical perspective, the current weak pattern of Bitcoin has formed multiple resonances. On the daily chart, a typical "crow" bearish pattern is evident, with prices continuously under pressure below several key moving averages. The Bollinger Bands are opening downward, clearly indicating a medium-term downtrend. The MACD remains below the zero line, maintaining bearish momentum, while the RSI, although out of the oversold zone, lacks upward momentum, representing a typical "weak recovery" trend. The hourly chart further highlights short-term pressure, with clear signs of oscillating downward driven by bearish momentum.

Bitcoin: Consolidating around 88,000, target 86,800 #BTC