$BTC

Bitcoin's current short-term judgment is that the current price is 89600,

A rebound is expected to peak around 91000, then a drop to the 86000 level. Currently, the daily KDJ is in an overbought state and has formed a death cross. The reason for the oscillation here is due to strong support from the 5-day MA120 line, but I believe this support will not hold. A few days ago, it rebounded to around 94000, and if it continues to rise, the maximum support should be around 90000, but it didn't hold and instead kept probing downward.

There are also issues with the monthly, quarterly, and yearly lines; all three lines will close this month, so I do not expect a significant rebound this month. The increase is reserved for next month, acting as the top for the month, quarter, and year.

We are currently in a weekend oscillation state.

In terms of strategy, I believe a short position can be taken around 90800. If it reaches the extreme near 91800, one can consider adding to the position, with a stop loss around 93400, and the take profit target is around 86500, which may take about a week.