Friday, good morning to a new day!

As expected, the Bitcoin price has once again dipped overnight, reaching a low around 95,600. As mentioned earlier, if 98,000 cannot hold, then 95,000 is next. Overall, the current trend is still in line with expectations, and the short position strategy has been validated again.

Since the drop from around 108,000, it has already given a decline of nearly 13,000 points. Most of the necessary washing has been done. Although bears are currently strong, as we approach the end of the week, do not blindly chase in. It's another potential extreme reversal. In the short term, there may be repeated fluctuations, but the downward space has mostly played out. In the short term, there may still be some downward movement, but the possibility of continuing to break lower is very small. This round of decline has been straightforward for the bears, and it is possible that the main force has a strategy to induce a short squeeze. In the short term, the currency price may experience fluctuations, but the probability of rebounding around 95,000 is very high. Therefore, in the short term, try not to blindly chase shorts, and adjust the short-term strategy. First, watch for a pullback, then reference 95,000 for potential rebound corrections.

On Friday morning, Bitcoin slightly rebounded in the 98,000-98,500 range, consider taking a short position first, watch for a pullback to the 95,000-95,500 range. If there is no further breakdown, you can directly reverse position.