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Evening Bitcoin Strategy Update
Our main outlook has been very clear during this period — no chasing rebounds, just waiting to short at high levels. The market has been cooperating well, with intraday movements consistently dominated by the bears. Each rebound has been weaker than the last, and market sentiment is clearly leaning towards a downtrend.
From a structural perspective, the 4-hour chart price has effectively broken below the midline. After losing support, the downward space has been further opened, and technical indicators are generally tilted bearish. Switching to the 1-hour chart, the correction after previous highs is clear, with lower highs continuously forming, a typical weak rebound pattern.
Therefore, the evening strategy remains unchanged: patiently wait for a rebound to the target level before taking action.
Pay attention to resistance around 92,500 and 93,000. If resistance holds, consider short positions. The first support below is at 91,000, with further support at 90,000.
Be patient, avoid greed and haste, follow the trend, and steadily take profit from the available space.