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Bitcoin is in a weak rebound phase on the 4-hour timeframe after dipping to 86,542 yesterday, with trading volume continuously shrinking, highlighting holiday liquidity shortages.
From a technical perspective, the price remains within the retracement zone after breaking above the upper boundary of the downtrend channel. The MACD histogram is weakly bullish, and the fast line is below the zero axis. The rebound momentum is only sufficient to support range-bound oscillation, with no signs of trend reversal.
Bitcoin: around 88,500, target 86,500 #BTC