Bitcoin is currently in a sideways correction phase. After touching around 89,700, it found support and rebounded. It is now fluctuating around 90,200. Over the weekend, it moved sideways with oscillations, and a big move is expected tonight in the early hours. Risk control is necessary!

The one-hour timeframe faces significant resistance, overlapping with resistance zones on the 2-hour, 4-hour, and other cycles. A breakout requires strong buying support. Support below is focused around $89,000. If bullish signals appear at this level, it can be considered for short-term positioning.

From a short-cycle perspective, the breakout on the 1-hour chart depends on sustained upward momentum from short cycles like 10-minute, 15-minute, and 30-minute trends. Currently, the overall pattern is at the end of a triangle consolidation. The 1-hour and longer cycle indicators are in a state of accumulation, waiting for a directional choice. In the short term, the bearish trend is relatively strong, but the wave structure driven by the bulls remains intact, so an upward push is still possible.
#比特币行情观察