Currently, Bitcoin is still in a downtrend. Based on the current momentum and analysis on the 4-hour, daily, and weekly K-levels, it is primarily bearish. The short-term support is around 91300. If this support is broken, it is highly likely to drop into the range of 91300-87300. Therefore, the support level is very critical at this moment. Personally, I continue to favor the continuation of the bearish trend with the potential to break support. The first target is 91300, the second target is 89300, and the third target is around 87300. Thus, the current strategy should primarily focus on short positions, which is the safest approach.
