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Today, Bitcoin's trend remains the same old pattern—profit-taking at high levels selling pressure. The price is fluctuating back and forth within the $91,000-$92,500 range, with a decline of about 1.5%, and trading volume has also significantly decreased.
From a technical perspective, there is indeed short-term resistance, but this is not necessarily a bad thing. The support at the 90,000 level is still holding, and the daily bullish structure has not been broken, indicating that there are still buyers protecting the bottom. The question is, how long can this support last—it's crucial whether the $90,000 line can be maintained.
In simple terms, we are waiting for a direction. Profit-taking at high levels is normal, but if volume cannot support a rebound, it will be easy to test lower levels again. The short-term probability is higher for continued consolidation and sideways movement, so when trading, risk control is essential to avoid being shaken out.
With insufficient volume, a rebound is just a false breakout, and we're about to be shaken out again.
We still need to wait for this wave of volatility to pass; don't rush to buy the dip.
Playing the same trick of smashing the market at high levels has become tiresome; it's always like this.
Controlling risk is the most important; don't be greedy for that small rebound profit.
With such shrinking volume, a rebound is pointless, and we might even need to test lower levels. It's better to stay cautious and hold back.
The people supporting the market are still here, but how long they can keep it up is uncertain. It seems we need to continue with the sideways movement; no rush to jump in.
A 1.5% drop isn't a big deal; the key is when this direction will be confirmed. Just wait, there's no hurry.
With such poor trading volume, even a good bullish structure is meaningless. We need to see how resilient the 90,000 level is.
If this wave breaks below 90,000, I think we might need to test lower again. The strength of the support is indeed weakening.
The group trying to support the market should have been tired long ago. If 90,000 can't hold, they'll just push it down directly.