[Analysis: Bitcoin's short-term surge was strong yesterday, caution is advised for chasing longs now, current support level is $89,923] BlockBeats news, December 3, on-chain data analyst Murphy stated, 'Last night's surge was strong enough that the 4-hour K-line has significantly deviated from today's standard line at $89,923. Therefore, at least for today, chasing longs from here is no longer appropriate, and the price has now reached the fourth expected price level. It will be challenging to continue a strong upward push tonight. However, as long as the price does not fall below $89,923, there will still be opportunities to follow the trend tomorrow. The daily K-line is still below the bearish trendline but is now very close to the trendline at $93,958. This means that as long as the daily K-line closes above this price, the indicator will shift from red to green (bullish trendline), signaling a potential rebound on the daily chart. The expected price levels above are $95,604 and $99,108, respectively.'