Bitcoin is currently hovering around 87,700. On the 4-hour chart, the middle band of the Bollinger Bands has become the key boundary between bulls and bears.

If the price can hold above the middle band and break through 88,500, it presents a light position opportunity to follow the upward trend, and the rebound space can be expected. Conversely, once it falls below the middle band, focus should shift directly to the support level at 86,800. If this level cannot be maintained, reducing positions decisively is the smart move.

Currently, there are no obvious signs of volume expansion, so don’t rush to chase the rally. Instead of taking risks, it’s better to adopt a range-bound trading approach—selling at high levels and buying at low levels—controlling the rhythm can lead to more stable profits.