Last Friday's market was quite intense—US stocks plunged straight down as soon as the market opened, with Bitcoin dropping from the high of 89,500 to around 86,600, a drop of over 2,000 points, which was quickly pocketed. Over the weekend, there was some relief, with the market oscillating within this range and even slightly pushing upward.

From the daily chart, the market has been tightly stuck around the middle band of the Bollinger Bands, oscillating back and forth at this level for nine consecutive days. Things are a bit different now—the Bollinger Bands are beginning to show signs of narrowing, which often indicates a potential trend reversal. Plus, with the year-end approaching, the probability of a major move is indeed increasing. Additionally, the OBV indicator has been gradually rising, signaling a stronger likelihood of an upward breakout next week.

In the short term, although last Friday saw a decline, it did not break below the previous low. Bitcoin continues to consolidate within the 86,000-90,000 range. There is still room above at the current position, so a quick dip could be a good opportunity to buy the dip.

Entry points in batches: 87,500 and 86,800 can be used to gradually build positions.

The target above is around 88,500-89,000.