There are two points to note regarding the short-term Bitcoin trend:

1. In the short term, be cautious of a rebound repair following two consecutive days of significant declines;

The price dropped more than 10,000 points within two days, without any rebounds or adjustments during this period. Yesterday, it fell nearly 5,000 points again from above 97,000, hitting a low near 92,500; however, today it has not broken the low yet. After a brief drop below 93,000 on the hourly chart, it rebounded. This evening, attention should be paid to the strength of the rebound.

2. Testing the resistance level of the rebound repair may trigger a second drop below the previous low in the short term.

The daily support level is at 91,500, and there is still room for a decline in the short term. Even if a rebound occurs, it cannot be directly concluded that there is a reversal in the short-term structure; attention should be paid to two levels above, 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.