Observing the current BTC price chart, it can be seen that yesterday the price was close to the level of 93400, and Bitcoin experienced a technical pullback correction. After reaching a bottom this morning, it rebounded near 951, and currently, the price fluctuates around the level of 94200. The Bollinger Bands show a slight convergence trend, with the bands having become a short-term support line, and the price is temporarily stabilizing above it. In the short term, we will see if it can hold at 945, but overall, the price still tends to end in a downward fluctuation!

Nevertheless, the overall market sentiment remains pessimistic, and the price continues to fluctuate within the range of the middle and upper bands, failing to effectively break through the resistance level of 95000. Despite a short-term rebound, the selling pressure above remains significant, indicating a lack of market confidence, and the bearish atmosphere still controls the situation. The direction is very clear!

It is recommended to focus on shorting during rebounds, considering the short position in the range of 948/952, and looking at 935/925/920.