Last night, Bitcoin initially found support around 87,000, then quickly surged to a high of 90,300, but failed to stabilize and faced selling pressure, rapidly dropping to around 85,000. Currently, it has slightly rebounded to the 86,000 range and is consolidating.

From a four-hour perspective, the price briefly touched the upper Bollinger Band and continued to face resistance, now hovering near the lower Bollinger Band. The three lines of the KDJ are expanding downward, and the bullish momentum in the MACD indicator has gradually shifted to bearish expansion, indicating a generally weak trend.

It is recommended to short around 86,500 and 87,000, with the first target at 85,000, and if broken, look for a further decline to 83,000.