【Short-medium term trend analysis】

btc short-term is near resistance at 86600, if breakthrough, it will further advance to 87200-88400. The extreme high point for hourly rebound is near 90250 (need to break through the first two resistances at the same time to reach).
On the daily and weekly charts, the current operation is within the 3-day adjustment period. After the end of the 1st and 2nd day adjustment operations, there was a signal of weakening downward momentum, so 78200 is a 'bottom' in the short term. The extreme high points for the daily chart rebound are near 92800 and 96335 (it may only be possible to reach after continuous rebound and standing firm at 90250). Some analysts say the daily chart is bullish, targeting 96000 after breaking through 90000, which is fine, but there is heavy pressure. The 5-day and weekly charts are still heading down, and the younger brothers below the 3-day chart level will be suppressed no matter how much they move up. The above-mentioned major resistances can basically be intervened for short positions, and there are easy opportunities for taking profit.
The zeroing of the 5-day moving average will accelerate the decline again, and the zeroing of the weekly MACD will also accelerate the decline (the future weekly MACD may also turn up near the zero axis to the right), so there will be at least 1-2 more probes into new lows. If it falls below 78,200 to 74,666-73,300 in the future, don't hesitate at all, bravely bottom-fishing, because this is the tail end of the weekly adjustment cycle.
Pulling back a bit, if it falls below 73000 in the future and cannot recover, it will enter a large volatile range of 68800-50000, indicating a deep bear market. Before that, apart from bottom fishing at 78200 the other day, there will be another opportunity for a rebound.