BTC Market Update:

The price has broken above 90,000 at its highest, but has not been able to stabilize effectively. If there were previous long positions involved, the structural targets for this round have basically been completed, so current operational strategies need to be adjusted.

From an overall structural perspective, the market is still in the retracement phase. On a smaller scale, the price quickly fell back after touching the resistance line around 90,000 and has now returned to the previous fluctuation range. Observing from the 4-hour level, there is a short-term need for a pullback: an ascending wedge structure has formed, and it is currently in a high-level death cross stage.

Under this structure, if the 87,000 level is effectively broken, it is highly likely to test the support area around 85,000. Based on the current positional relationship, the cost-effectiveness of continuing to short is not high. A reasonable strategy is to wait for bullish opportunities after a pullback, rather than gambling at high levels.

The focus on buying opportunities for limit orders around 87,000 is predicated on the price completing a correction according to the structure, rather than being based on emotions, with additional purchases around 85,000.