From a technical perspective, the bearish trend has been officially established, with prices continuing to decline. Not only has the price effectively broken below the key support level of the middle band of the Bollinger Bands at 88,200, but it has also further dipped into the low zone around 85,000. Once the support level was breached, it was simultaneously transformed into short-term strong resistance, and the downward space continues to open up. Although there was a slight rebound correction to around 87,600, the price remains under pressure within the Bollinger Bands' middle band and short-term moving average resistance zone. The rebound momentum is rapidly weakening, unable to break through effectively, and the upward momentum remains weak. Currently, the Bollinger Bands are expanding downward, indicating sufficient short-term downward inertia. The market is dominated by a bearish core pattern, with no signs of trend reversal, and the overall tone remains weak.

On the 4-hour chart, technical indicators further reinforce the bearish characteristics: the MACD indicator's death cross persists, and the green momentum bars below the zero line show no significant signs of shrinking, indicating that the bearish selling pressure is still being released. The core downward momentum has not shown substantial exhaustion, and the bearish suppression remains strong. Although the KDJ indicator has turned upward from the oversold zone, the rebound has not pushed the price above the short-term critical resistance level, merely a short-term technical weak rebound correction, lacking trend reversal energy. The rebound strength and sustainability are insufficient, representing a typical weak rebound pattern that cannot change the current downward trend inertia.

In summary, the short-term weak rebound cannot reverse the clear bearish trend of BTC. The intraday trading strategy should continue to follow the trend by shorting on rallies, relying on the middle band of the Bollinger Bands and short-term resistance levels for precise entries, aligning with the current market rhythm dominated by bears. During trading, position sizing must be strictly controlled, with reasonable take-profit and stop-loss levels set simultaneously to avoid the risk of false rebounds and trap traders. Follow the trend to seize profit opportunities from the continuation of the bearish trend, adhere to trend trading logic, and avoid blindly bottom-fishing or chasing rebounds.

Specific trading suggestions: Pay attention to the resistance in the 88,800-88,000 and 89,800-89,300 zones. If resistance holds, consider continuing to short at higher levels, targeting a decline of 500-6,000 points.