On Friday, the price of bitcoin failed to break through 90,000 again. It fell to 86,600 at the lowest point and is currently consolidating and fluctuating around 87,200. Returning to the market, the daily K-line closed with a large negative line yesterday, but it is still a bit far-fetched to say that there will be a big waterfall and a market crash based on just one negative K-line. We who do intraday short-term trading can focus on the 4-hour trend. At present, it is suppressed by the upper rail after reaching 93,400, and it has been fluctuating downward all the way, breaking through the middle rail support. There is currently a need to test the lower rail support, so long orders are involved around the lower rail support of 85,500. The lowest point of the retracement in the morning was 86,700, which can also be used as a reference point for today's low and long orders, leaving some room for false breaks.

For low and long orders below, refer to 86,000 and 85,500, and target 88,800, 89,000 and 90,000, and defend 84,500