On Friday morning, as expected, the overnight Bitcoin price once again dipped, reaching a low around 95,600. As mentioned earlier, if it can't hold 97,000, then it will drop to 95,000. Overall, the trend still aligns with expectations, and the short position strategy is once again validated.

Since the drop from the 108,000 level, there has already been a decline of nearly 13,000 points. Most of the necessary adjustments have been made. Although the bears appear strong at the moment, as we approach the end of the week, do not blindly chase in. Each moment can be an extreme reversal. In the short term, there may still be fluctuations, but the downside space has mostly been exhausted. There may still be some downward movement, but the likelihood of continuing to break lower is very small. This round of decline has been a direct drop by the bears, and it can't be ruled out that the main force may be inducing a short squeeze.

In the short term, the price may experience fluctuations, but it is highly probable that the price will rely on the 95,000 level to rebound. Therefore, in the short term, try not to blindly chase shorts. Adjust the short-term strategy to first look for a retest, and then refer to the 95,000 level to see if there is a rebound for correction.