Bitcoin weekly chart is currently consolidating near a key support level. The 3-day moving average has not yet formed a golden cross, and the key is to see when the 2-day moving average becomes hidden. Once the daily level also forms a hidden cross, a bottom signal can be confirmed.

In the short-term, the 12-hour level has just broken below the waterline, so patience is needed to wait for a new bottom to form. The 30-minute level has already shown a bottoming golden cross, and the 15-minute level also indicates signs of a bottom, leaving room for a rebound.

The key resistance levels are at 89288, 90345, and 91292. Support levels below are at 87500, 86807, and 85093. From the long/short data, the long-to-short ratio is 2.26, the panic index is 16, and both spot and network-wide long/short ratios are 44:56, indicating market sentiment is relatively balanced.

Operationally, the two iron rules still apply: do not act without clear patterns; do not open positions without a stop-loss. Wait for technical confirmation; better to miss an opportunity than to act recklessly.