$BTC

Good afternoon, brothers. The market started to move sideways after hitting the corresponding resistance level. There hasn't been much fluctuation from last night to today, but currently, the four-hour support trend is showing some breakdown. The bullish momentum is gradually weakening. The rebound resistance remains at 93000. For the bullish momentum to strengthen, at least the four-hour closing must break above 93000 to have a chance to push up to 94800. Only by breaking through 94800 can the market enter a new phase of upward movement, with a target at 96858.98500. Therefore, bulls should pay attention to the four-hour closing (this resistance is effective until midnight). Before the four-hour stabilizes above 93000, the market is expected to correct. Do not easily go long; the initial support to watch on the downside is 91900. If this support is not broken, the market is in a consolidation phase. Only if this support is broken, the bearish momentum can be clearly seen towards 90500.88000 area.