On Thursday midday, Bitcoin continued its narrow trading range, mainly oscillating within the 86,500-88,000 zone. The resistance level at 88,000 has not been effectively broken, while the support at 86,500 is particularly critical—if it is lost, there could be a larger adjustment space.

Currently, there are several noteworthy factors in the market. Trading volume has significantly decreased, capital participation is insufficient, and options contracts are about to expire. These factors all contribute to a lack of clear direction in the market, with both bulls and bears remaining on the sidelines.

From a trading perspective, Bitcoin can look for short opportunities around 88,000-88,300, with targets in the 86,500-86,000 range. Ethereum's situation is similar, with 2,960-2,990 being good short entry points, and support below focusing on the 2,800-2,850 zone. Currently, it is more about waiting for clear signals to emerge.