After entering night trading, Bitcoin remains in a low-range oscillation pattern, with trading volume significantly shrinking. The price mainly fluctuates around $87,500, showing slight weakness compared to daytime performance.

From a daily chart perspective, the key resistance level at $88,000 has been repeatedly tested but not effectively broken through. The repeated resistance indicates that the bullish momentum has clearly weakened. Meanwhile, the Bollinger Bands are opening downward, and all moving averages across different periods are aligned in a bearish sequence. This is a clear signal — the short-term trend is indeed in a weak phase. Especially, the 5-day moving average has already been pushed down to around $90,000, continuing to exert a suppressive effect.

Overall, the bearish sentiment is strengthening in the short term, and support levels below need to be closely watched. If there are no unexpected news triggers, it is expected that the price will continue to test this range repeatedly.