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$BTC 12.25 Bitcoin Price Today: Bitcoin is currently trading around 88,000. The overall market remains relatively quiet, with no significant structural changes from yesterday, and no clear short-term direction has been indicated.
From the current chart, there are two possible evolution paths: one is starting from the 84,398 level, where a wave C upward is still needed to complete, after which a new downward move will begin; the other is that this ABC rebound has already ended in the current zone, and after oscillating and digesting within the range, the market will continue to decline.
Structurally, there is a clear resistance from an upper trendline, and support exists within a channel below, causing the price to be compressed within a narrow range and repeatedly oscillate. Only when the price effectively breaks above the resistance or substantially falls below the support will the market space truly open up. Until then, the fluctuations within the range are of limited value, and trading experience will be relatively poor.
In summary, the structure remains the same as yesterday, with no clear short-term direction, so it is advisable to wait and see.