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Friday marks the end of the week, and the market often surprises us—either a sharp one-way surge or a wave of shakeouts. Our logic is simple: follow the momentum.
In the past two days, market sentiment has clearly been weak, with Bitcoin steadily declining, and key supports being broken one after another, with the lowest touching below 89,200. The market outlook is quite clear: don't guess the bottom, don't try to catch the bottom; when there's a rebound, lean towards the short side. With a steady rhythm, profits will come naturally.
Last night, Bitcoin rebounded to around 91,500 from a low but encountered resistance. This is a typical breath after a deep decline, definitely not a reversal signal. Looking at the chart: the rebound lacked volume, and the rally didn't continue; the bulls are already feeling exhausted.
Whether on the daily chart or the four-hour chart, the current trend is bearish. Until any signs of a bottom are seen, every rebound is a good opportunity to short. Relying on the resistance zone of 91,500-92,100, continue to short, with the lower targets at 90,500-89,000.