Bitcoin's daily chart has now broken through MA5 and MA10, and the MACD has also shown a bearish cross. Therefore, the rebound resistance during the day is focused on the range of 94500-95000. Previously, the V-shaped reversals during the Asia-Europe sessions were because the daily chart had consistently stayed above the 5 and 10 moving averages for nearly twenty days. Now, there is a clear bearish trend on the daily and 4-hour charts, so it is recommended to sell on the rebound during the day!

Personally, I am setting a short position on the rebound at 94300-94500, with a stop loss at 95700 and a target of 92300-91500 for the short term. If there is a strong break below 91000 today, it may directly hit 89000-88000.