Bitcoin has experienced a rollercoaster market over the past two weeks. Yesterday, the price movement oscillated around a range, with neither bulls nor bears breaking out into a significant continuation, fluctuating around a space of nearly a thousand points, which is still quite manageable.

On the four-hour chart, the price is testing near the lower boundary, with bottom support continuously moving downward. However, the MACD bears are shrinking, indicating that the market is in a tug-of-war phase in the short term, rather than showing a clear direct pullback signal.

On the daily chart, after a spike, the candlestick has retraced, now showing five consecutive bearish candles. The price is currently at the middle band and has not broken through to continue the decline. However, from the market perspective, the volume is gradually turning bearish, and a drop is just a matter of time. Once the price falls below the middle band, it is highly likely to extend towards around 88,500. Based on the above situation, today’s rebound is a short opportunity.

Reference idea: short around 93,200-93,500, targeting around 90,300. If it breaks down, we can look at the long-term level of 88,500. Long-term points require time, so everyone should adjust according to their own situation.

Follow the public account, "How to Relieve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value, sharing trading education for free, bringing stability and clear guidance in the restless trading market, with experience through three cycles of bull and bear markets and years of trading practice. Proficient in naked K, trends, Dow Theory, Gann, harmonics, Chande, Elliott Wave Theory, and other technical analyses, gathering into unique personal insights.

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