Based on the current trend, there was another waterfall drop during the early hours, washing out positions, with the low dropping to around 91,000, once again hitting a recent low, just a hair's breadth away from breaking through. Although it rebounded under pressure afterwards, currently this level is an effective support. However, for our subsequent operations, we still need to observe the strength of the rebound. It's advisable to cautiously consider setting up orange positions.

For Bitcoin operations, it is recommended to look at positions around 91,500-92,200, with a target range of 94,000-95,000, and a defense margin of 600 points.