11.20BTC Idea: The 90,000 mark repeatedly creates a bull trap; the rebound is still a shorting opportunity!

After the BTC daily K has pierced the 90,000 mark for two consecutive days, a Rebound can be seen, indicating fierce competition at this level—TD9 signal appears, MACD bears are reducing, KDJ has crossed dead, and RSI has slightly rebounded after being oversold, currently under pressure from MA5. Do these signals make bottom-fishing bulls unable to hold back? Don't be fooled! This is a typical bull trap!

Recently, whenever there is a single spike rebound in the market, it is immediately suppressed heavily by the bears, and there is basically no decent rebound momentum. Although the lower boundary continues to open downwards, there is limited space below, and the rebound is merely to facilitate a better decline, leaving enough space for subsequent downward movement!

The first resistance during the day is at 94,000, with strong resistance at the 96,000 level— as long as the market does not stabilize above 96,000, the bearish trend remains very solid! Short-term rebounds are allowed, temporary losses are permitted, and slight floating losses are acceptable; the key is to manage your position well and patiently hold onto your short positions, the trend will provide enough explanation!
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