Bitcoin is currently priced at 84900. Writing an analysis at three in the morning is indeed a bit tiring. After the market maker broke below 90,000, it has been on a downward trend. If you shorted around 90,000 and took profit around 85,000, then congratulations on making a great comeback. The current strategy is very clear: focus on shorting at the pullback resistance level. Long orders can be tried, but don't get attached; taking profit is the key.

Looking at the daily chart, the highest point before the report reached 90400, and the lowest dropped to 83786. The gains accumulated over the past ten days were all given back in just one day, with the bulls directly being shut out. The EMA15 trend line is now around 90500, and the MACD volume has clearly weakened, with DIF and DEA starting to contract. The K-line has violently hit from the middle band of the Bollinger Bands at 90900 all the way down to the lower band around 82000, and the KDJ indicator has crossed downward to form a death cross pattern.

The four-hour level is more intuitive. After the ascending channel lost the 90,000 mark, the price directly attacked the support at the golden ratio 0.786 position of 85,500. The descending flag pattern has become quite obvious at this point, and we still need to observe what shape will form next. The MACD is shrinking and declining, with both DIF and DEA diving below the 0 axis into the bearish zone. The Bollinger Bands are expanding, with the lower band at 85,000 and the upper band around 89,600. In such a volatile market, it is advisable to enter at points that align with trend support and resistance levels, as the margin for error will be higher.

Here is a reference for the operational thinking: there is no certainty in the market, stop-loss must be managed well, safety first, and small losses with big gains is the way to long-term success.

Long order trial range: 83000-82500, defense level 82000, stop loss 500 points. The target looks at 93500-94000, breakthrough looks at 94500-95000.

Short order trial range: 95500-96000, defense level 96500, stop loss 500 points. Target looks at 95000-94500, breakthrough looks at 94000-93500.

The specific operation still needs to be based on real-time data from the market, and you can communicate anytime if there are any questions. There is a delay in article release, and the strategy is for reference only; risks are to be borne by yourself.