After observing the market trend for a weekend, BTC is just oscillating back and forth, testing patience. To be honest, I am currently in a state of holding cash and watching. Why? Because the direction is still not clear enough, and there is no definitive trading strategy.

From a technical perspective, the current pattern is a converging triangle at the end phase combined with a downward correction. The short-term trend is most likely to continue downward, but before a real decline, there may be a wave of false breakout rally. My judgment is that the price will test the resistance line around 88,000 to 89,000, likely touching near 88,500, before turning downward.

If this decline really occurs, it should break through the support around 86,000. After all, this level has been tested multiple times for a rebound, and re-testing increases the probability of a breakdown.

However, there is a key point to watch: can the upward trend line be broken and stabilized? If it can break through and hold, then the downtrend will reverse, and the market will shift to a bullish stance. Conversely, if it only tests and then turns back or cannot stabilize, it confirms the continuation of the downtrend. These two scenarios will send very different signals.