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Bitcoin one-hour level trend, vividly demonstrating the essence of a weak rebound. The rebound starting from the 87263 level lacks strength throughout, and the key resistance at 90000 has been repeatedly tested but cannot hold, indicating that the bulls' confidence is severely lacking.
Looking at the trend structure, each high wave is lower than the previous one, and the bullish momentum is gradually diminishing. The upward driving force is continuously exhausted, and on the moving average front, the bears are more dominant. MA7 and MA30 are both turning downward simultaneously, forming a strong resistance zone.
Every time the price slightly rebounds and breaks above the moving averages, it is quickly pushed back down by the bears. The short-term market has been completely taken over by the bears. At this point, there is no need to overthink the operation; abandon illusions. Short-term shorting is the only option that aligns with the current trend.
Trading suggestion: Short around 90400-91000, targeting 88000-86800. If broken downward, continue to watch below 84000.