1.10 Bitcoin

Bitcoin's daily chart has clearly released downward signals, with K-line recording a long lower shadow pattern, marking the price officially entering a high-level oscillation convergence consolidation zone.
During the early morning session, the market attempted to break through previous highs, but failed to form an effective breakout. Although the 4-hour chart accompanied a wave of bounce from bottom, it's difficult to reverse the momentum slowdown trend of daytime trading; tracing back the decline-rally structure since yesterday, the rebound momentum continues to weaken.

Based on volume and trend structure analysis, bullish momentum has shown signs of exhaustion. Subsequent operation suggestions are mainly short, supplemented by low long positions, deploying short orders based on key resistance levels.

- Operation suggestions: Short orders can be deployed near 90800-91300, with targets near 89000 $BTC $ETH