Morning view on the market, we have now reached the first target level, it is prudent to reduce positions or take profits, but I prefer to move down to defend as we continue to look downward.

Currently, the bitcoin price is showing a downward trend, having rebounded after hitting the 96000 line during the afternoon, and is now oscillating around the 96500 line.

However, the MACD remains in the negative territory, with both the DIF and DEA diverging downward, indicating that bearish forces are dominant. The RSI value is below 30, although it is approaching the oversold zone, there are no obvious signs of a rebound, suggesting further downside risk.

At the same time, the three EMA lines are still in a downward alignment, and the current price is running below the EMA7, which also indicates some pressure, further confirming the downward trend.

Therefore, in the afternoon, we still maintain our stance; breaking the 96000 level is just a matter of time, and we will wait patiently. The lower targets are 95700—94200 and 93000.