There is no lowest, only lower. Just yesterday morning, I mentioned that the 90000 level was precarious, suggesting to look below, and the level was immediately breached. After reaching a low of around 89000, it stabilized and recovered, realizing over 3000 points of space. We welcomed a public five consecutive wins, just as I mentioned earlier, the extreme unilateral trend means that even if there is a certain degree of rebound in between, one should not rashly speculate about the bottom. Adhering to the trend and trading accordingly is the hard truth.
From the current market perspective, the moving averages maintain a downward divergence with the highs, continuously breaking lower. The rebound momentum is gradually exhausting, and the oscillation center is synchronously moving downwards. In the four-hour level, the middle track has formed strong resistance, and the price has been quickly pushed back multiple times after touching the moving average. After a rapid transition to a bearish candle following three consecutive bullish candles with decreasing volume, there has been no effective reversal signal. The short-term trend remains downward, so our morning strategy does not need to change; we can continue to trade high.
Bitcoin: Around 93000, looking down to 90000.
