Yesterday, BTC experienced significant fluctuations, but the overall trend is bearish.

The current market is trapped in a range between 92300 and 99500, with a high probability of testing the 92300 support again. Considering the overall market sluggishness over the weekend, it is advisable to wait and observe for the market to pull back to the 92300-93000 range in the next couple of days to set up long positions.

However, one must also be cautious about BTC!

The recent trend on the daily chart shows a pattern of fluctuating downwards,

with two days of rebound being offset by two days of decline, reflecting strong bearish sentiment in the market! The expectations for next week still lean towards a weak bearish view,

so the support in the 92300-93000 range can only be seen as a short-term quick in-and-out, while the true market direction remains bearish towards 90200.