On Wednesday morning, the market trend effectively reflects that the current situation continues to develop in a bearish direction; however, there are two points to note. First is the continuity after breaking the low; the price rebounded after hitting the bottom at midnight, which does not constitute an effective breakdown. If it is just a test, it means the willingness to fall is not strong and is more inclined towards oscillation. Second is the situation regarding the breaking of support levels; here, it is necessary to distinguish between false breaks and effective breaks. Only an effective break is considered a breakdown, with a focus on the daily level because a short-term breakdown may rebound at any time, and this type of false break belongs to a tempting market.

Currently, the continuous decline in the daily line is likely to change the short-term pattern. The daily K line has successfully broken below the upward trend line support, and the price has approached the daily mid-track support of 89500 after breaking below the 92000 mark. If this level is lost again, the daily line will reverse in the short-term trend, and the bears are expected to regain the initiative.

In the short term, it is clearly showing a trend of oscillating downwards. During this period, many people might have the idea of bottom-fishing, but as of now, there are no signs of a stop in the decline, whether in the daily line or short-term. The continuous loss of support levels continuously provides momentum for the bears; in the short term, pay attention to 90000, and the current price will basically test this level. Once it falls below, it is expected to continue to probe the 87000 mark; in short-term operations, it is recommended to focus on short positions!

Morning BTC short-term operation: rebound in the 92300-92800 range, aiming for 90000, 87000.

The situation is very large, the winning streak continues, and I can't determine the long or short; recognize the thinking, and walk together! Create brilliance again! #比特币盘整分析 #币安HODLerTHE #XRP市场价格动向