Bitcoin's recent decline indeed warrants attention. After the breakout of the ascending wedge pattern, the market entered an accelerated downtrend, with key support levels being broken one after another. Yesterday's small V-shaped rebound seemed like a trap, bouncing to around 90,000 before turning downward again, catching many traders off guard.

From a technical perspective, the current risk remains quite high. It is not advisable to rush into buying the dip in the short term, as there are no signs that the downtrend has ended. If you really want to look for a buying opportunity, you should wait until the 80,000 to 83,000 range to consider entering; before that, any involvement is essentially throwing money away. The small-scale rebound space is limited; in a strong market, it might reach around 88,000, but in a weak market, it could fall back at 87,000 or even lower.

The 4-hour chart has already confirmed a breakdown, and the 87,000-88,000 range is a good opportunity for shorting, with a target of 83,000 to 80,000. On the daily chart, there are no signs of a bottoming pattern. If the 83,000-80,000 support level cannot hold, the next key support is at 75,000. In the face of the trend, rebounds often carry risk.