Bitcoin has experienced a rollercoaster in the past two weeks. Yesterday's price movement hovered around a range with oscillations, and neither bulls nor bears have established a major continuation trend, with a swing of about 1,000 points back and forth, which is still very manageable.

The four-hour chart shows the price testing near the lower band, with support levels gradually moving downward. However, the MACD bearish momentum is shrinking, indicating that the short-term market is in a tug-of-war phase rather than showing a clear and direct decline signal.

On the daily chart, after a surge, the price retraced and now shows a five-day consecutive decline. The price is currently around the middle band and has not broken below it to continue falling. However, from the market volume perspective, the trading volume is gradually turning bearish, and a decline is only a matter of time. Once the price drops below the middle band, it is highly likely to continue toward around 88,500. Based on the above, today’s strategy is to short on rebounds.

Reference idea: short around 93,200-93,500, targeting approximately 90,300. If broken, consider a long-term view at the 88,500 level. Long-term positions require time, so everyone should adjust according to their own situation.