The recent consolidation of BTC is quite interesting. The price has been oscillating around $87785 for a while, seemingly stagnant, but I actually think this is more likely a stage of building energy. From the technical indicators, the RSI is currently at 44.2, in the oversold area, which often indicates that a rebound opportunity is brewing.

From the perspective of support and resistance analysis, the price level of $86029.3 shows strong resilience - it has been tested multiple times without breaking down, indicating that the buying pressure here is quite ample. Such areas are usually key defensive positions for institutions and long-term investors.

Looking up, $89540.7 has formed a resistance line, but this is not an absolute ceiling. More importantly, $89101.77 is the breakout point to watch. Once the price effectively breaks through this level, it often triggers a resonance of stop-loss orders and chasing orders, making it easier to start a relatively strong upward trend.

My judgment tends to be bullish, mainly based on several observations:

First, the RSI being at a relatively low level means there is more room for upward movement. When the technical indicators are this oversold, the rebound usually doesn't go very far.

Secondly, the recent expansion in trading volume indicates that capital activity is increasing and market sentiment is gradually recovering. Such signals are often precursors to a reversal.

In terms of trading strategy, I would handle it this way: closely monitor the $89101.77 level, and once it effectively breaks through and stabilizes, consider gradually building a position. However, risk control is equally critical—if the price falls below the $86029.3 support, then decisively stop loss. The market is always right; rather than waiting for a miracle, it's better to respect the trend.

The movement of orders on the order book is also worth paying attention to, as sometimes the entry and exit of large orders can reveal the true intentions of institutions.

Overall, this stage requires patience to wait for confirmation signals. Often, those who are prepared and decisive at critical moments are the ones who can seize such opportunities in the market. What do you think of this trend? Feel free to share your thoughts.

📊 Key price reference:
• Support: $86029.3
• Resistance: $89540.7
• Breakthrough point: $89101.77

⚠️ Risk Warning: The above is a technical analysis observation and should not be considered investment advice. Trade with caution.