In the early morning, BTC dropped to 89,600 before rebounding to 91,300 where it encountered resistance. Increased bearish pressure in the morning caused the price to fall back to around 89,800, and overall, it remains in a range-bound pattern.

From a technical perspective, the moving average system continues to move downward, suppressing upward movement. Although the daily chart has recorded two consecutive bullish candles, the four-hour chart clearly shows signs of pressure and pullback—after a quick reversal from touching the upper channel boundary, bullish momentum is gradually weakening and has not broken through the previous high, damaging the technical pattern. The 1-hour chart shows repeated fluctuations with no clear unilateral direction, making the 90,000 level the core battleground between bulls and bears. The outlook remains focused on a primarily short-biased strategy!

Trading suggestion

If BTC rebounds to the 90,800-91,600 range, consider scaling into short positions. The lower target is 89,300-88,300. Use strict stop-loss measures and follow the trend accordingly.