Bitcoin monthly chart begins to show bullish momentum, presenting an illusion of insufficient bullish attack. However, it is clear that the monthly trend is still predominantly bullish, with buying pressure dominating the market direction. For the four-hour chart analysis, with a double bearish followed by a bullish candle, it is evident that there will be a bearish trend in the short term. However, considering the current price range of 94-95, the previous bottom price was 92, and just before 92 is 90. Based on historical trend analysis, once the previous low is reached, a rebound is expected.
After touching 90, it will likely rebound by 10,000 points to reach 100,000, and after touching 92, it will rebound by 10,000 points to reach 102,000. Therefore, according to the analysis, it is highly probable that this round (the third round) bottom will be between 94,000 and 95,000. This is also why I urge everyone to pay attention to going long and not to expect Bitcoin to drop below 90 to reach many bearish points marked at 87,000 on the candlestick chart.
As long as it does not drop below the previous two bottoms, which means not falling below 90, the subsequent trend will still be primarily in the bullish arena.