From a technical analysis perspective, the current price movement is highly similar to the fractal structure at the top of the 2021 bull market, indicating that the risk of a deep correction is continuously accumulating. Although the market may be gearing up for a super cycle in 2026, increased institutional dominance and waning social interest together suppress market volatility, forming a liquidity trap. The four-hour chart shows that the triangle convergence zone is continuously tightening, and the rebound momentum has already weakened. If the price cannot effectively break through the key resistance, a downward breakout is highly likely to trigger a trend-driven concentrated selling pressure.

Based on various signals, the short-term market should be alert to the oscillation trap of both long and short positions being wiped out. The immediate priority for holders is to strengthen risk control. Specifically, Bitcoin is currently quoted at 87,647.3 USDT, with a critical support level near 86,536.0, and the core support zone between 86,355.0 and 87,872.6; above, it faces a key resistance at 88,594.0, with the main resistance zone between 87,450.0 and 88,904.9, where the price faces significant pressure. #加密市场小幅回暖 $BTC