The current Bitcoin market is showing a relatively simple trend. Yesterday, we made predictions about the larger structural trends, and this morning we also indicated that a second bottom test might occur. We hope that the investors who are following this can benefit from it.

Currently, in the short term, we need to closely follow whether the previous low points can be maintained. If this level is broken, it will mean that the upward trend line that started from around $70,000 has been broken, and it will also weaken the possibility of the previously predicted terminal wedge pattern starting from $70,000.

In the current market situation, if the price fails to break through the previous low points and remains in a weak oscillation state, investors may consider appropriately increasing short positions. However, if the price can rise above the 4-hour EMA moving average and show an upward trend, then we may need to reassess and lean towards a bullish outlook.

Although the market may continue to fluctuate in the short term, our medium-term target remains unchanged, with Bitcoin price expected to find support or resistance around the level of $90,000. Investors need to consider both short-term volatility and medium-term trends when formulating trading strategies, adjusting their positions flexibly.

Overall, the current market is still at a critical decision point, and investors should remain vigilant, closely follow the price trends and changes in key technical indicators to adjust their investment strategies in a timely manner.