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Bitcoin has been weakening continuously over the past three trading days, with frequent bearish candles in the early session, forcing many long positions to be stopped out or liquidated. After losing the 90,000 level, the price continued to decline from the evening into the early morning without stopping, with bearish sentiment clearly dominating.
However, it is important to note that there is no such thing as an eternal downtrend. Currently, the downside space is actually limited. Entering short positions now would carry greater risk and could easily lead to being trapped.
From a technical perspective, around 86,000 is a key support level. The current strategy is simple—trade in the direction of the trend. Above 90,000, consider short positions with the first target at 86,000. If this level is also broken and the price stabilizes below, then the 80,000 level becomes the next focus. The key is to control risk and avoid being caught off guard by a market reversal.