$BTC

The recent trend of BTC really doesn't require much analysis. Last time I mentioned there would be a drop, and it has basically come true, directly breaking below the 89,000-90,000 support zone and even dipping to around 87,000.

Looking at the daily chart now, it still presents a typical ascending wedge, which is a strong bearish signal in itself. The next likelihood is a small-level rebound first, followed by continued downward pressure. The overall trend is quite weak.

I expect the rebound high point to be around 90,500-91,000. Friends who want to short can consider placing an order at 90,550, as the position is relatively comfortable, and once filled, there should be decent downward potential. If this wedge pattern truly completes, the target would likely be around 80,000 or even 75,000.

Recently, there haven't been any substantial positive factors to pull the price up strongly. This month is likely going to continue with sideways downward movement. Unless it can effectively stabilize above 93,000, every rebound presents a good short opportunity, and the cost-performance ratio is quite high.