Bitcoin has continued to decline, dropping nearly 10,000 points from last week's high to the current low. Since this week, there has been a consistent emphasis on shorting, with targets gradually being realized.

Looking at the four-hour level now, the candlestick chart is gradually moving downwards, with a minimum pullback around 87,900. We will see if the previous support level at 90,200 will convert to a pressure point and cause a rebound. If it fails to break above, the price will continue to decline.

On the daily level, the price is experiencing a significant drop, directly piercing through the middle track back to the lower track. After touching the lower track, fortunately, the bears were unable to continue. The bottom support price is at 87,500; if it holds, a small rebound may occur. Now we just wait for the rebound to short in the direction of the trend.

The upper range around 90,100-90,400 looks bearish, with a target towards the 87,600 position. If it breaks below, we can continue to look towards around 85,500. These points are for reference only.

Follow the public account, "How to Relieve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value. Free trading teaching is shared, bringing stability and clear guidance in the restless trading market, with experience through three rounds of bull and bear markets and years of practical trading experience. Proficient in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analyses, culminating in unique personal insights.

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