Looking back at the Bitcoin market discussed on the 30th, we can see that Bitcoin's recent four-hour pullback has reached two support levels, and there has been a slight rebound at 94800. Currently, there are no signs of a halt in the four-hour downtrend; the MACD is still pointing downwards, and Bitcoin has not stabilized yet.

You can see that the four-hour upward channel for Bitcoin has now pulled back to the lower edge of the channel, showing a brief rebound. If it continues to move sideways instead of falling, Bitcoin may rise along the lower edge and potentially complete a shark pattern, rebounding to the 1.618 price, which is around 105000. Of course, this can only happen if Bitcoin shows a reversal in the four-hour chart, meaning that the long-awaited rebound is trying to break the 100,000 mark.

Since we have identified the levels, and there are no signs of a halt in the downtrend, the support levels for this four-hour decline can be seen around 90000 and 91000. The short-term strategy is for those who have bought spot to add positions at 90000 and 87500 (the previously mentioned support level). For futures, if it breaks the downtrend line and falls below 94000, it might be time to exit and wait for Bitcoin to rebound before re-entering.

This is my short-term solution for those who entered at 95500 and 94800, as I am concerned that those who followed my entry may not have a response strategy. Alright, that’s all for Bitcoin today; if you liked it, feel free to follow.