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Looking at the recent market trend, this wave of correction has already reached a relatively bottom area. After multiple tests, the bearish momentum is clearly weakening, and the signs of bottoming out are becoming more evident.
From the four-hour chart, the price found support near the lower band of the Bollinger Bands. Although the candlesticks show some downward impulse, the continuation is not strong, and instead, a defensive line has formed at the lower band. What does this indicate? The starting point of the rebound can actually be traced.
Looking at the hourly details, Bitcoin has repeatedly rebounded quickly after probing the 91000 level, never breaking it effectively. This is not accidental but a true reflection of bottom support. Each rebound is preparing for a subsequent breakout, with momentum surging beneath the surface.
Based on this analysis, the short-term trading strategy could be considered as follows: buying on dips near 91000 is an opportunity, with a key focus on the breakout above 92300. If the price can effectively hold above this level, the target range of 92300 to 93000 becomes quite promising. Currently, for Bitcoin, 91000 is a critical entry point, with an eye on the range of 92300-93000.