Tonight, Bitcoin's surge is really fierce, directly rushing to around 93,000 USD and then falling back immediately. I have been keeping an eye on the 93-94K range, thinking that this is a key position left from the last round of turnover, and I was planning to place a short order here.

So what happened? The price just lightly touched 93000 and then turned around, the order didn't even get placed, missing out on a 3000-point fluctuation... It's a bit frustrating.

I have roughly deduced three possible trends:

The first scenario is a pullback to the 93-94K range. If the support at 90000 holds on the hourly chart, it may continue to test upwards. If it stabilizes at 93-94K, it will aim for 98000; if it does not stabilize, it will have to come back and test the strength of the 90000 support again.

The second scenario is that if the 90000 support level is broken, we would need to look down to the daily support level of 88-89K. If this position is tested and then it regains above 90000, I think at that point you shouldn't rush to go short – this could very well be building a bottom.

The third scenario is if it continues to fall after testing 88-89K, then it will return to the large oscillation range of 81000-90000 at the four-hour level.

To be honest, I personally lean more towards the second trend. This judgment is mainly based on the time cycle and expectations of interest rate cuts. How it will develop specifically still needs time to provide the answer.

The market liquidity is too poor over the weekend, and I don't plan to enter the market for now. Besides, the weekly and monthly closes are coming up, so I'll let the market move on its own for a while.