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#BTC market update
The Bitcoin market is transitioning from a disorderly decline to an orderly consolidation, with the descending channel re-establishing the main force's rhythm. The technical analysis suggests that the short-term rebound target is looking towards 98,000.
Short-term focus on two key positions:
•94,600: Pressure at the mid-channel of the descending channel, a breakout will strengthen the rebound;
•90,900: Key support level; stability here could lead to sustained upward movement.
Pay attention to the effectiveness of pressure breakthroughs and support to grasp short-term rhythm.
Short-term strategy reference
Long Position Strategy:
•91000 Long
•Take Profit: 94500
•Stop Loss: 89000
Short Position Strategy:
•94600 Short
•Take Profit: 92500
•Stop Loss: 96000