1. Core Viewpoint

- As of January 27, 2026, 11:00 AM, BTC price is approximately $87,800, with intra-day oscillations leaning bullish, repairing within the 86,000-89,500 range. The overall trend remains a daily-level downtrend, with significant selling pressure during rebounds.

2. Key Price Levels (Unit: USD)

- Support: 86,000 (lifeline), 87,000-87,500 (intraday pullback)
- Resistance: 88,300-88,500, 89,000-89,500, 91,500

3. Technical Indicators

1. Daily Chart: RSI around 50, neutral; MACD in a bearish zone, green bars showing signs of convergence and recovery; moving averages in a bearish alignment, with price below key moving averages.
2. Hourly Chart: RSI at 45, slightly weak; MACD below zero line, bearish dominance; multiple long upper shadows, heavy selling pressure above.
3. 4-Hour Chart: Bearish dominance, weak rebound, oscillating repeatedly.

4. Trading Strategy (Risk Control First)

1. Short on rebound: Enter at 88,300-89,000, stop-loss above 89,800, target 86,500-86,000.
2. Short-term long at low levels: Enter upon stabilization at 86,000-86,500, stop-loss below 85,500, target 87,500-88,000.
3. Position sizing: Single position ≤20%, strict stop-loss, quick entry and exit in volatile markets.

5. Risk Reminder

- Market sentiment remains in fear territory; ETF capital outflow pressure has not fully eased. Once 86,000 is broken, the price may decline further to 85,000-84,000.