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BTC has dropped quite severely this time, going straight from 107000 to 89000, falling almost 18000 dollars, without even a decent rebound in between.
The daily line closed with a pin near 89000, indicating that some funds are bottom-fishing. Although the Bollinger Bands are still moving downwards and the MACD is also in the red, both the KDJ and RSI have already hit the floor, making it easy to rebound if it falls further. Looking at the 4-hour chart, the downward trend has temporarily eased, with prices running below the lower Bollinger Band, but the KDJ seems to want to turn around.
Key Position:
Support at 89000-89500 below, if it can't hold, then look for 88000.
Resistance above at 92500-93000, a Rebound to this level is likely to be pushed down.
Operation suggestion:
BTC: Rebound to short in the 92500-93000 range, targeting below 90500 #比特币行情观察