Bitcoin, weak, rebound still relatively weak

As seen from the hourly chart, it has been consolidating sideways then declining, with each wave surpassing the previous one. The overall trend is extending downward along the middle band of the BOLL. Today and tomorrow, Friday, focus on the 89,000 support level.

If it breaks below 89,000 tonight, it is not recommended to chase short positions below that level. Instead, look for opportunities to go long at lower levels.

Currently, Sister Ying believes there will be a shakeout around 90,000. The main direction depends on the guidance of the two major data releases on Friday. If it breaks below 89,000 tomorrow night, then you can confidently chase.

For those holding short positions, the same advice applies: reduce positions where necessary, close out where needed. Everything depends on your own market outlook and the strength of your holdings.

Of course, if there is a rebound after the US market opens, you can consider going long again above 91,000. $BTC