Yesterday's market trend basically replicated the previous day's movement, showing how powerless the bulls are. Could it be that Powell's attitude has such a significant impact? It has affected the emotions and trends of the entire market, leading to a deep correction.

In the 4-hour structure chart, the candlestick shows continuous large bearish declines, with rebounds severely restricted. The bulls appear particularly pale and weak, while the bearish momentum continues to expand downward. The overall shape shows reversal signals, and this decline is very likely to test the area around 92000-90000.

Bitcoin rebounded to around 98500 for a short position, targeting around 95000.