The market in the early morning is declining as expected. After BTC effectively broke through the previous support level, it started to accelerate downward, with the lowest point around $91,200. Subsequently, a large amount of buy orders flooded in, causing a strong rebound and rally. It has now returned to the $93,300 level. Our short position set in the early morning successfully captured over 800 points in profit.

From a technical perspective, the buy support around $91,200 is very strong, forming a typical bottoming-out and rebound pattern. The 4-hour candlestick chart shows that after a long lower shadow appeared at the low, the price began to rise continuously. The MACD green momentum bars are shrinking, and the KDJ indicator has formed a golden cross from the oversold area and is moving upward. This indicates that the downward momentum is weakening, and the bulls are regaining strength. The price has now stabilized above the psychological level of $93,000. If it can hold steady at this level and continue to consolidate, there is a good chance to push upward toward the resistance zone of $94,000–$94,500.

Overall, after quickly releasing the bearish pressure, the market has seen a bullish counterattack, and the short-term rebound momentum remains relatively strong. As long as the price can stay above $93,000, the low point of this correction at $91,200 will become an important support. The market may shift into a phase of oscillation and recovery. From a trading perspective, you can watch for short-term bullish opportunities after the price tests and stabilizes at support. The first target above is $94,000.