$BTC 12.25 Bitcoin price today: Bitcoin is currently trading around 88,000, and the overall market remains relatively quiet, with no essential changes in structure compared to yesterday, and there is still no clear direction in the short term. From the current market perspective, there are two possible evolution paths: one is that starting from the line of 84,398, there is still one upward movement of wave c needed to complete before starting a new round of decline; the other is that this round of ABC rebound has already ended in the current area, and after the market oscillates and digests within the range, it will continue to move downward. Structurally, there is a clear trend line resistance above, and there is also channel support below, with the market being compressed within a narrow range and oscillating repeatedly. Only when the price effectively breaks through the upper resistance or substantially falls below the lower support will the market space truly open up. Before that, the fluctuations within the range have little overall value, and the trading experience will also be relatively poor. In summary, the structure is the same as yesterday, with no clear direction in the short term, so it is advisable to remain cautious.