Bitcoin completed a long-short reversal in the early morning, surging over 4,000 points in a short period and successfully breaking through the psychological resistance at 90,000. Bullish sentiment is marginally recovering, breaking the previous weak consolidation pattern.

On the daily chart, a bullish candle was formed. After breaking above the midline resistance, the price continued upward but encountered resistance near 91,700 and pulled back to around 88,900. This area has concentrated selling pressure; subsequent rebounds testing this range are still expected to face pullbacks, so pay attention to the risk of support being retested after pressure.

Although the intraday rebound appears strong, short-term volatility has increased and the 90,000 level has not yet been firmly established. The tug-of-war between bulls and bears continues, with overall price action fluctuating around 90,000. From an operational perspective, it is recommended to adopt a range-trading strategy of selling high and buying low.

Trading recommendations:
Bitcoin: short around 91,800-91,300, target near 90,000
Ethereum: short around 3,130-3,160, target near 2,950