Recently, BTC has been moving quite indecisively, and the 87,758 level has become a key dividing line.

If it can't hold above that? Then I think from Monday to Wednesday we'll see a slow grind down to around 86,300, and once the rate cut news comes out, it’ll spike directly to 93,000, then resume its decline as expected. The whole cycle would last at most two weeks.

But if 87,758 holds? Then we might see a direct rebound to 93,000 in the next couple of days, followed by a pullback to 86,300 to confirm support, and then a push towards 95,000 or even 98,000 is possible—though even then, bulls who are supposed to get liquidated probably won't escape. This scenario would take at least two weeks.

Personally, I favor the first scenario. The reason is simple: it's shorter and more efficient. We've already been consolidating sideways for two weeks, and I believe the total consolidation period won't exceed four weeks before we find a true bottom, after which the main upward trend can start. Let's wait and see how the market answers.