btc has successfully returned above 87000 today as expected and broke through 88500. As long as it does not fall below 83000, there will be no new lows appearing next.

Judging from the 4h structure from the 11th of this month, there is a high probability that it is already in the midst of a rebound, each low point is relatively higher, and the high point is also constantly moving up, but the small structure in the middle repeatedly rises and falls, giving people the illusion that it will fall again at any time.
After the price returned to 80,000, it has been continuously emphasized that when going long, the stop loss should be set at 79,000. The reason has also been explained clearly, as the upward space is indeed infinite, and the trend will not reverse unless it falls below 79,000. Now, this 79,000 should be moved up to 83,000.
Market Analysis
Firstly, on the 4-hour level, the current structure is very ideal, but we cannot be overly optimistic. The reason we couldn't surge directly to 90,000 is that we are still under the pressure of the daily downtrend since 110,000 on January 20. This can also be understood as the pressure from the weekly EMA 7-10. Given the current trading volume, the probability of a direct breakout is very low. If there is a direct breakout, it indicates that the main force has completed the accumulation action, and we can proceed accordingly. Personally, I believe that a breakout or a more violent surge should wait until next month. Before that, heavily going long is not advisable; when going long, it is essential to ensure that the strong liquidation is below 70,000.
Now at the 1h level, the current 1h level has perfectly recovered my prediction from yesterday. As for whether it will continue and whether it will start to fall, I will only mention my two personal guesses.
First type: Not finished, the price continues to rise to around 89500, and then starts a round of pullback to around 86000.
The second type: it is over, then the short-term price will not break through 89000 again, but will step back in the early morning or at a certain point in the daytime tomorrow, and the target range is also 85000-86000.
short-term
The overall structure at the 15m level is still very strong, but the upper space is already limited. From the perspective of risk-reward ratio, shorting offers greater returns. Therefore, it is advisable to primarily short on rallies in the short term.
Direction: Long
Buy point 1: near 86000 Buy point 2: near 85000
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