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The performance of Bitcoin these past couple of days has indeed been a bit disappointing. From the 1-hour rebound starting at 86420, we initially expected it to surge past 90500, but it only reached a high of 89567 before turning around. Since it failed to break through 90500, this 4-hour rebound hasn't truly succeeded; in other words, it was a false alarm.
However, the current bearish momentum is not very strong, which is crucial. If the support at 86000 can hold and not be broken, Bitcoin is likely to start rallying next week, targeting above 92000. That's the logic of the market: as long as the key support holds, there’s still a chance. The next few days are worth closely watching the performance around 86000.