From the daily K-line perspective, Bitcoin has been oscillating and declining around the MA30 moving average. Currently, the 30-day moving average is pressing around 90,000. What does this mean? If the subsequent rebound cannot even hold above 90,000, then it will basically need to revisit the previous low of 85,000, and there is even a possibility of breaking below and continuing downward. Therefore, approaching the 90,000 level now, it is not recommended to chase the rally, as the risk is relatively high and it’s easy to get caught. Wait for confirmation of effective support before considering participation.