Although there are concerns about the 'bear flag' formation at the daily level, the current price is at a critical support level at the lower trendline of the flag. If the 89000 level is maintained, a technical rebound is expected. The MACD histogram is close to turning green, and the short-term oversold condition is gradually being repaired. The first target for the rebound is aimed at the 92500-93000 range, which is both the recent fluctuation center and a key resistance area that has been attacked multiple times before. A breakthrough here is expected to open up larger upward space.
Operational Suggestions
Bitcoin 89000-890500, look towards 92500-93000
