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On the evening of November 20, BTC
After BTC surged to the 93000 level, it encountered strong resistance and fell back. The four-hour level oscillating downward channel has not broken, and the middle track pressure remains effective.
Current trading volume is shrinking, market liquidity is weak, and the main players lack the motivation to intervene. The short-term rebound is merely a technical correction and is by no means a signal of trend reversal. The fluctuating downward pattern remains, and the strategy of primarily short selling remains unchanged.
Position short near 92500, first target looking towards 90000, if it breaks down, can follow the trend down to the 8800 level.
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