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From a technical perspective, Bitcoin rebounded from the 90600 level to around 91300 but remains in a overall bearish trend. The current rebound strength is weak, with key resistance concentrated in the 91800-92000 area. If it cannot break through effectively, it is considered a technical correction during the decline, and the market is likely to face further downward pressure.
On the indicator level, the 4-hour moving average system shows a bearish alignment, RSI is below 50, and MACD remains below the zero line, indicating that bearish momentum still dominates. During the rebound, trading volume did not significantly increase, suggesting insufficient bullish follow-through. If signs of stagnation appear in the 91300-91800 range, it can be viewed as a high-altitude shorting opportunity.
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Overall, the current market structure remains biased bearish. Support levels to watch below are 90500-90800. If broken, the price may further decline to the 89500-90000 area. Operationally, it is recommended to adopt a rebound shorting strategy, but strict risk control is necessary. If the price unexpectedly stabilizes above 93000, a reassessment of the short-term trend should be conducted.