Bitcoin has returned to the $90,000 level, with current focus on the 8950 line.

The four-hour chart shows a oscillating decline, while the 1-hour chart is still waiting for confirmation at a lower level. From a technical perspective, if a new low cannot be established or if a quick recovery occurs after a breakdown (forming a pin-shaped K-line), then Wave B correction is likely complete, followed by the start of Wave C rebound.

In terms of market operation, if the four-hour chart closes lower, consider stop-loss; only if it stays above 9060 can Wave C proceed. The upper target remains unchanged, looking at the 92,000-92,800 range. If during the European session the price cannot recover the previous support level, it will likely enter a sideways consolidation phase. During the US session, traders can manage risk based on position or reduce holdings accordingly.

If the price effectively breaks below 9000, a further dip may occur. However, positions entered below 9050 still have rebound potential, offering a chance for a bounce. There’s no need to focus on the 9470 resistance level in the short term; wait for the price to break through two key levels with a solid move.

For positions entered below 9100, there's no need to be overly nervous for now, as market sentiment still expects an upward rebound.

The short-term risk point is around 8980—if the price falls below this, it could trigger a chain reaction of stop-loss orders. But if the rebound is quick (forming a pin-shaped K-line), it could instead signal a false breakout, potentially leading to a reversal.

In summary, closely monitor the upcoming days’ movements, confirm the trend, and manage your positions and rhythm. Wishing everyone successful trading.