Bitcoin is currently priced at 89,500, and it's 3:30 AM Beijing time. The northbound attack at the 93,000 resistance level has declared failure, and the downward gap has already opened. I decisively chose to go south at 92,500. So far this month, I have made about ten trades, and this is the second time being "kicked out" by the main force. As usual, if I am wrong, I admit it; I will never fight against the market. Only by doing so can operations be flexible and varied, allowing profits to run freely.

On the daily chart, the highest before this report was 92,845, and the lowest was 89,350. The EMA trend indicator continues to consolidate sideways, with former support turning into current resistance.
EMA30 and EMA15 converge around 92,000, forming the first resistance. The key resistance level remains at 94,200, where the 0.618 Fibonacci retracement is located. The volume increase at the MACD midline has ended, turning into a decreasing volume downward trend, with DIF and DEA forming a death cross, establishing a bearish trend. Additionally, the middle band of the Bollinger Bands at 92,400 has been broken, and the candlestick may plunge to test the lower band at 87,800.

Looking at the four-hour chart, the U-shaped bottom construction has failed, breaking below the 92,400 trend line. The EMA indicator is beginning to diverge downward, forming a strong "four-line death cross" bearish signal. MACD continues to decrease in volume, hinting that the main force is quietly accumulating. The Bollinger Bands are opening downward, and the candlestick is continuously moving around the lower band at 89,860. In the short term, the market has entered an extreme oversold zone, and a correction is imminent. Partners who haven't entered the market yet can patiently wait for a correction and look for opportunities to continue southward. $BTC ‌#btc