The recent decline has led many to become pessimistic, believing it may return to a number starting with 8. The market is like this; emotions dominate. Making predictions and trading are two different things; analyzing without trading is just empty talk. Don't let market noise influence you.
In the short term, BTC has support at 93800. If it tests this level a second time without breaking it, I don't believe it will continue to decline. Regarding this recent rise, it has retraced 20% from its highest point, meeting the minimum retracement requirement. If it breaks below, we will look at 91300 at the 0.382 level as support.
The retracement will end between 0.2 and 0.618, and after the adjustment, we will see the next rise.
