Bitcoin has rebounded from the bottom, following the long position suggested in our article at 89450–89000. Note that the first target of 92500 has been completed, consider reducing your position, and be aware to clear 80% of your position near 92900. If faced with resistance, refer to the points mentioned in the article to enter short positions in batches, and don't take on too heavy a position. This round may also directly break through 94000. Trading has no certainty; it can only be approached with stability!

Digital gold's luster has dimmed, as Bitcoin fell back to pre-liberation levels overnight. The $90,000 defense line is like a layer of window paper, easily punctured under the dual pressure of Federal Reserve interest rate hike expectations and leveraged liquidations.

The Bitcoin market experienced a shocking scene, with the price falling below the $90,000 mark, dipping as low as $89,000, setting a new low since April. This nearly month-long decline has caused a total evaporation of $1.2 trillion in the cryptocurrency market, equivalent to the entire market capitalization of a Tesla company.

In the past 24 hours, cryptocurrency investors have been sleepless. Over 113,000 people across the network faced liquidation, with a total liquidation amount reaching $288 million. Many investors lamented on social media: "It's a total disaster, my account has shrunk by half!"