Update on BTC analysis: From the 4-hour level, the current pattern belongs to an ascending wedge, which is why it is said that after a rebound, consideration will be given to entering a short position. This is because the lower edge of the ascending wedge is a very important position, providing strong support, and according to the wedge, it will not directly accelerate downward.

I expect the likely trend to be a small-level pullback to the 88,000-89,000 range, followed by a rebound, and then it will start to accelerate downward. Pay attention to the area around 93,000 for this rebound. If this position does not break through, it will start to decline in a wedge shape, and it will also be the fifth wave down of a larger scale.

If it stabilizes at 93,000 and breaks through the short-term high of 95,000, then this wedge will become invalid. It can be understood that the internal movement of the fourth wave has formed an ABC rebound in three waves, with the high point of wave C expected to be around 100,000. In any case, whether it is a strong rebound or a downward trend, there will be a rebound after a short-term pullback to support. From a larger perspective, as long as the price does not break through the 100,000-103,000 range, it is still a downward trend.

In simple terms: After a short-term pullback to support, one can go long to bet on a rebound. During this period, attention needs to be paid to the strength of this rebound. If the rebound is weak and fails to stabilize at 93,000, it will be the best opportunity to go short. The downward space will be relatively large, possibly directly breaking below the previous low of around 80,000. If it breaks through 93,000, long positions can continue to be held, with targets reaching 100,000. Personally, I lean towards the wedge not failing, and after rebounding at 93,000, it will start an accelerated downward trend. Ultimately, I will make the next market judgment based on how the pattern evolves.