Due to repeated pressure this month, the bears are in the dominant position, and the current pattern and structure do not have the momentum to gather strength, so the conditions for a rally are not present!

In the short term, forex and precious metals are attracting large capital, and Bitcoin at this level will only trigger a round of decline, which will attract support forces.

Therefore, the most likely movement is consolidation and oscillation around 87,500, with a quick rebound at 86,800, which can easily lead to liquidation. $BTC