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The market rhythm has changed again. The previous wave of Bitcoin's trend needs adjustment. The last bottoming attempt was met with cold response at the 95,000 level, followed by a sharp drop to 89,300. My previous analysis chain was bearish from 95,000 all the way down to around 89,600. If you've been paying attention, you should understand the entire logic.
Looking at the four-hour chart, after the price touched the lower Bollinger Band, a lower shadow appeared, followed by a bullish candle. Currently, it is in the middle-lower band area, and in the short term, it will rebound due to the support at the bottom. The resistance overhead is around the middle band at 92,300, and the MACD has already entered a shrinking bearish phase — this indicates that the market may start to rebound tonight.
The operational idea is quite clear: from the 91,000 level, you can directly look for a rise towards 92,100. If this level is broken, the next target for further upward movement is the 94,000 level. The strength of this rebound depends mainly on whether 92,300 can be effectively broken.