Yesterday, Bitcoin continued its downward trend, accelerating its decline overnight, breaking below the previous low and approaching 91,000. This movement completely aligns with the earlier expectation of 'shorting double profits'.

From the current daily chart perspective, a bearish engulfing pattern has emerged, and the downtrend channel remains open.

Although a bullish candle was formed at 4 AM, it did not hold, quickly turning back down to around 91,000. There was some recovery afterward, but this was merely a pullback repair, not a reversal of the trend, so we maintain a bearish outlook during the day.

In terms of trading advice, short around 93,800 - 94,500, targeting 91,600 - 91,200. If it breaks below 91,000, the downtrend is likely to continue toward 90,000;

If it does not break, the price may move upwards. If new data is released in the evening, the strategy will be adjusted accordingly.

Market changes are rapid, so one must be flexible and prepared to adapt, and always ensure risk control.

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