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$BTC 1.08 Bitcoin Price Today:
Bitcoin has now fallen below 91,000, with a low of 90,526. This drop from the recent high has retraced over $4,000. Recently, this market movement has been very unfriendly to crypto enthusiasts, with a back-and-forth grind that is quite torturous.
In our video analysis over the past two days, we repeatedly warned that the 94,792 level poses a clear risk of a temporary top. After a decline of more than $4,000, it can be confirmed that this level is the top of the current rebound. The current rebound started from 84,398, following a three-wave structure overall, and above 94,000, it can be officially declared that this rebound has ended.
In summary, our current trading strategy is very clear. If there is a rebound, prioritize short positions, with the target still around the previous low of the rally, approximately near 84,000.