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BTC Market Observation:
Bitcoin is currently dominated by bears in the short term, with the price breaking below the 91K key level and gradually approaching the first expected shorting target—coinciding with the first gap on the CME chart. The next focus should be on the performance around the second gap near 88K.
From the overall rhythm, after encountering resistance above, the price has pulled back and is still oscillating within the wedge range. In the short term, keep an eye on the 90K support level; if it breaks, pay attention to the support around 88K. Combining trend lines and areas of concentrated chips, the 875-880 zone forms an important support level.
Trading ideas are as follows: close short positions around 88K to take profits; look for long opportunities in the 95-98 range, with add-on points around 875-88. Proper risk management and position control are essential to manage exposure.