Two points to note regarding short-term Bitcoin trends:

1. Be cautious of a rebound recovery after two consecutive days of significant declines in the short term;

The price of the coin has dropped over 10,000 points in two days, with no rebound adjustments during that period. Yesterday, it fell nearly 5,000 points again from above 97,000, hitting a low around 92,500; however, today it has not broken below that low, briefly dropping below 93,000 on the hourly chart before rebounding. This evening, attention should be paid to the strength of the rebound.

2. Testing of resistance levels during the rebound recovery may trigger a secondary drop below the previous low in the short term.

Daily support is at 91,500, and there is still room for a decline in the short term. Even if a rebound recovery occurs, it cannot be directly concluded that there is a reversal in the short-term structure; two key levels to watch above are 96,000-97,000. 96,000 is the starting point of yesterday evening's drop, and this level can serve as a point for a second bearish short position.