Bitcoin evening Silk Road and suggestions

Bitcoin hourly level broke down bearish, neckline at 87492. If it rebounds, it will test the support at 86533. How many times has this support been tested?
Let's test again whether it can hold. One wall you kick once and it doesn't fall, kick twice and it still doesn't fall, but if you keep kicking, one day it will fall. Currently, the support at 86533 has been tested once, twice, three, four, five times and still holds. I don't believe it can hold forever.
Now, on the hourly level, Bitcoin has a potential M-head pattern because it hasn't broken the neckline yet, so it's a potential M-head. The neckline is at 86533. If it breaks below 86533, the hourly M-head pattern is confirmed, and the next target is 85727. Only a breakout above 88068 can resolve the current downward trend.

Bitcoin breaks above 88005 to go higher, if it falls below 87422 and cannot recover, it becomes a false breakout, just hold your paper gains.
On the hourly level, if Bitcoin breaks and stabilizes above 88068, look up to 89408-90385. If it can't go above 88068, ignore it.
On the 4-hour level, if it falls below 87481, look down to 86385-85223. If it breaks below 86385 and cannot recover in time, a waterfall decline will come.

On the 4-hour level, Bitcoin's EMA20 and 50-day moving averages are critical. This is the hurdle for Bitcoin. If it can't stay above EMA20 and EMA50, it can only be bearish. When it stabilizes above EMA20, it can signal a potential bottom. A breakout above EMA50 indicates a reversal. Today is Christmas, US stocks are closed, so Bitcoin can play freely!