Two consecutive Bitcoin: native shock of 88000 failed, is it currently accumulating momentum or is this rebound nearing its end? My judgment: There is still room for upward movement in the short term, but at this stage, it can only be defined as a strong rebound in a bear market and cannot confirm a bull market reversal in advance. OKX Technically, BTC is consolidating at a high of 83000 to 87000, with the daily average remaining stable at the main moving average and an RSI of around 63, indicating no significant overheating. However, the MACD momentum is weak and trading volume continues to decline, indicating that bulls are still controlling the market but lack incremental funds to complete breakthroughs. 83000-86000 gather about 1.07 million BTC chips, where new funds establish positions and frozen stocks are released. Prices fluctuate repeatedly, essentially digesting selling pressure. The total net inflow of ETF in the first two trading days was 134.4 million US dollars, and institutions are still taking over, but the strength has significantly decreased compared to the weekly inflow of about 2.4 billion US dollars in late September. The expectation of the Federal Reserve suspending interest rate hikes in October is heating up, and the Nasdaq is also rising; The problem is that the 10-year US Treasury yield is still around 5.28%, and liquidity is not truly loose. In the first half of October, there is a high probability that the turnover will continue at 83000-88000, and then choose the direction. CPI on the 14th is the first catalyst for the direction! Maintain a steady volume of 88000, with a target of 90000 to 93000; If it breaks through and then falls back to 85000, it will still be treated as a range market, falling below 82000, and looking down at 79000-80000; 76000 were lost, and this round of mid-term repairs has basically ended. At present, it is possible to be bullish, but it is not suitable to chase after the rise. In order to open up the Q4 upward space for BTC, ETFs need to increase their volume again and truly turn 88000 into support.