Hello traders, I wish you a smooth trading day.

Looking back at yesterday, Bitcoin's overall momentum remained firmly in the hands of the bears. Although there was a brief attempt to rally in the early session, it quickly weakened, and the price continued to decline, stabilizing around 90,600 during the night. Currently, the price is fluctuating around 91,200.

From a technical perspective, after the decline, there was no significant rebound, and the rally was clearly weak, indicating that the bulls' enthusiasm for buying is not high. Once the 90,000 level is broken, the bearish momentum will further accelerate, and the market will enter a rapid decline mode.

On the four-hour chart, bearish energy continues to be released, with the price being pressed near the lower Bollinger Band and unable to move. All technical indicators are also showing weakness. Currently, there are no effective signs of a trend reversal.

In this situation, the short-term strategy is quite clear—mainly short during rebounds. Specifically, when the price faces resistance in the 91,500-92,000 range, take decisive short positions, targeting the 90,000-88,000 zone. Once support levels below are confirmed, consider entering long positions.