BTC Market Character — "Weak Rebound, No Change to Main Bearish Trend"

Rebounds are all weak counterattacks

Each rebound is held down by the 20-day moving average (cyan), a typical bearish suppression structure.

Especially the recent wave from 89012 → 91524 shows insufficient strength, with volume not concentrated, belonging to the category of "after a long decline, a natural rebound."

→ Such rebounds mostly will see a retest afterwards.

Although MACD has a golden cross, the bars have not continued

The growth of the green bars after the MACD golden cross is limited, indicating:

Bulls are starting to attempt

But funds are not really daring to chase aggressively

This is a typical state of "bearish deceleration, but bulls do not dare to engage."

The lower Bollinger band has been rubbed for too long

BTC has been moving horizontally along the lower Bollinger band, indicating:

• Bearish trend persists

• Support below is consumed quickly

• Once triggered by news, it is likely to drop further

The current core structure of BTC

The conclusion is clear: BTC is still in a bearish structure, but there will be a short-term rebound.

This price segment belongs to the "repair phase within a bearish trend," not a trend reversal.

In one sentence:

Bears dominate, rebounds are just to provide the main players with better short positions.

Long (short-term rebound position)

Bottom support at:

89000 – 89700 range

(This position has repeatedly halted declines and is crucial for short-term bulls)

Entry suggestion:

A pullback to 89800–90400 can be a light long attempt (quick in and out)

Short-term pressure above:

92300 (weak pressure)

93500 (strong pressure)

→ If the rebound reaches here with reduced volume, it will likely be smashed.

Short (main idea)

The short position that the main players are really focused on:

93200–93900 range

Here is the middle Bollinger band + concentrated moving average resistance + previous bull failure points

→ This is where it is easiest to do "induce long then turn short"

Short target:

90500 → 89500 → 88500

Once it breaks below 88500

The market will accelerate, likely looking at:

87000