Yesterday, Bitcoin dropped to around 93,300 before starting to rebound, reaching a high of about 97,000 in the morning. Due to the 4-hour MACD golden cross at night, a rebound is expected here. Currently, Bitcoin has returned to the range between 93,000 and 98,000. From the current trend, there is a certain probability of a short-term breakout above 98,000. If it breaks above the 98,000 resistance, we will look at around 99,000. Of course, this is a short-term view, and the short-term market trend is constantly changing, so we need to follow the market promptly.

From a daily perspective, it needs to continue to rise here to avoid a daily MACD death cross; otherwise, a pullback will still occur. The 20-day moving average is currently at 93,000. Previously, it was expected that a pullback to near the 20-day moving average would result in a rebound, but the rebound was much stronger than anticipated. As long as the 20-day moving average at 93,000 is not broken, we maintain the box view here. If it breaks below the 20-day moving average, we will look at below 90,000.

Currently, this trend is beyond expectations, but I personally believe that the entry cost-effectiveness here is not high. From 96,000, there is at most a space of three to four thousand points above, and only a drop would provide cost-effectiveness.

If you can't resist short-term trading, then based on box theory, wait for a breakout above 97,900 to enter, then set the stop loss at 97,000, and take profit as you see fit.

Summary:

1. Bitcoin's 4-hour MACD golden cross indicates that a rebound has begun, and it has returned to the box, with the possibility of breaking above 98,000; continue to observe.

2. For medium-term low absorption, continue to wait for 41,627,611,783.