BTC's recent movement is an accelerated decline after breaking out of an ascending wedge, and it has now fallen below support. Yesterday's slight rebound was weak, just reaching 90,000 before retreating, which can easily mislead people.
The downtrend continues, and bottom-fishing is not recommended. If you really want to go long, you can wait for the 83,000-80,000 range. Short-term bearish strength is weakening, and there may be a small rebound to 87,000-88,000, but the magnitude is limited. After the rebound, shorting remains the main strategy, with a target of 83,000-80,000.
The daily chart shows no signs of a bottom, and it could accelerate downward at any time. If the 83,000-80,000 level is lost, the next target looks towards 75,000. Overall, maintain a bearish outlook.
In summary: The overall direction is bearish!!!
