Bitcoin current price is 89,500, based on the market at 3:30 AM Beijing time. The attempt to push up to 93,000 has already failed, and the gap below has opened, with a decision to go south at 92,500. I have executed nearly ten trades this month; this is the second time the main force has swept out my position, but this is part of the market. Admit mistakes when wrong, do not fight the trend—sticking to this principle makes operations more flexible and profits can run.

On the daily chart, the highest reached was 92,845, and the lowest was 89,350. The EMA trend indicator is still consolidating sideways, with support turning into resistance. EMA30 and EMA15 are now overlapping at the 92,000 level. The key resistance remains at the 0.618 Fibonacci level of 94,200. Interestingly, the volume increase at the MACD midline level has ended, and it has started to decrease, with DIF and DEA forming a death cross, indicating a clear bearish trend. After the middle band of the Bollinger Bands at 92,400 was broken, the candlestick plunged directly, theoretically possibly testing the lower band at 87,800.

The four-hour chart shows a more straightforward picture. The U-shaped contraction failed, and after breaking 92,400, the trend immediately reversed. EMA indicators began to diverge downward, confirming a bearish trend with a death cross on the four lines. MACD continues to shrink in volume but with increasing chips, and the Bollinger Bands are starting to open downward. The candlesticks are continuously expanding downward near the lower Bollinger Band at 89,860, indicating an extreme short-term oversold condition. Under these circumstances, a rebound is very likely—traders who haven't bottomed out can wait for a rebound to continue shorting.

The short-term strategy is as follows: the market is never absolute; always set stop-losses. Safety first—small losses, big profits is the goal.

For an upward move: if the price stays above 86,500 to 87,500 without breaking, consider going long with a 400-point stop-loss, targeting 88,500 to 89,500, and if broken, look toward 90,500.

For a downward move: if the price stays below 91,500 to 92,000 without breaking, consider shorting with a 400-point stop-loss, targeting 90,500 to 89,500, and if broken, look toward 88,500.

Specific operations should still depend on real-time market data; this is for reference only, and risk is at your own discretion.