Reviewing yesterday's views, the 4-hour level for Bitcoin has formed a reversal signal, with a breakout of the neckline accompanied by volume. Therefore, we did not recommend chasing long positions at high levels, but instead arranged short positions around 83000, making a profit of 2000 points.

We expect the price to pull back to the neckline to capture rebound long positions, ultimately buying at 79200. Currently, the 4-hour level reversal is confirmed, while the daily level is yet to be confirmed, showing a rebound trend on the daily chart.

After the 4-hour level reversal, although there are lower horizontal points, there has not been a second test. The breakout and pullback of the neckline have generated expectations for long positions, and the buying zone has moved away, no longer considering the previous lower points as defense for bulls. The short-term bullish target is around 83000, but since the daily level has not reversed, cautious light positions are recommended; the medium-term target is 89000, but it needs to break the high point and trend line.

The price trend may be a decline followed by a rebound and then a further decline. Bullish defense is set at the lower points, exiting upon a breakout; if the rebound fails, a high short position may be attempted later, but the next stage short target is only 74000, with limited shorting space. Pay attention to the important support level on the daily chart (top of the central segment), which is currently effective. The hourly level double bottom reversal can be used to catch the rebound, observing the support situation at key positions.