#美联储回购协议计划 Bitcoin's recent trend has been a bit weak. After falling for three consecutive days, the focus has clearly shifted downward, and the bears still hold the upper hand. The price rebounded to just over 88,200 but then dropped again, with trading volume becoming increasingly sparse, clearly indicating that few people are willing to buy in.

From a technical perspective, the middle band of the Bollinger Bands and the 86,500 level are supporting the short-term stability, preventing further sharp declines. But the problem is that each rebound's high point keeps setting new lows, which indeed dampens market confidence. The area around 89,000 to 89,500 has been repeatedly tested for a breakout but has not stabilized, with the bears firmly defending this zone. If subsequent rebounds still lack volume, these high points could be opportunities for shorting.

86,500 is the current dividing line. Once it breaks, the price could head straight to 84,000. Overall, the trend remains dominated by the bears, and rebounds are good entry points for short positions. The trading logic is clear: short on rallies, watch for signs of resistance and key support levels breaking, waiting for a new wave of bearish momentum to emerge.

$BTC $ETH $BNB are also involved in this correction, and maintaining a cautious stance in the short term is more prudent. The policy movements of the Federal Reserve are also worth ongoing attention.