Overnight, BTC briefly tested the 86,000 level before rebounding nearly 3,000 points. On the daily candlestick chart, after a series of significant bearish pullbacks, there are signs of a temporary pause in the decline. A bearish candlestick with a long lower shadow is likely to form, and chart indicators suggest a potential bottoming-out phase. In the short term, BTC may enter a period of wide-range consolidation.

On the 4-hour chart, a candlestick with a long lower shadow has appeared, followed by multiple bullish candlesticks after a sharp bearish retracement. The short-side volume has decreased, and the KDJ indicator is approaching a bullish crossover, signaling a potential continuation of the rebound correction in the short term. However, the overall trend structure remains intact, and with a 3,000-point rebound already in place, the upward momentum may be limited. There are still no clear signs of a trend reversal.

For now, it's best to follow the rebound momentum in the early session. If signs of stagnation appear, short positions may be considered again. Let’s first observe the range-bound movement.

On Wednesday morning, BTC remains in focus for potential short-position entries around the **89,500–90,000** range. Initial support is at **88,000**, with the recent low at **86,000**. The strategy remains to wait for a rebound before intervening. For now, a broad-range oscillation approach seems appropriate.

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