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Bitcoin has recently been drawing that iconic "door" again🚪.
From the current pattern, this wide-range oscillation mode has not yet been broken. BTC is still bouncing between 90,000 and 86,000, and the bottoming process is still ongoing. However, I believe this situation won't last much longer.
A few days ago, a large volume of futures contracts completed delivery, which means the on-chain chip structure is about to undergo a major shift. Once this delivery effect is truly released, the next clear trend direction should soon emerge.
At this point, trading options are quite clear. One is to take a short-term long position on the left side, with a stop-loss if it drops below $87,600; the other, more prudent approach, is to wait patiently until genuine support or resistance levels appear before taking action. Both strategies are understandable; the key is to stick to your trading discipline.