Bitcoin continues to decline, breaking new lows, with the price dipping to 93,000 last night and then rebounding. The current price is consolidating around 96,000, and the overall trend shows a pattern of fluctuating downward movement. Therefore, the short-term outlook is primarily bearish with some support for low buying.

In the four-hour technical chart, the price range is gradually decreasing, and the bottom support has been broken multiple times. After the weekend correction, the upper and lower range support is now testing at the 98,700-93,100 positions. If these two positions are not broken in the short term, we can maintain a strategy of high short and low long. The current price is in a rebound phase on the four-hour level, and it may move upward, so we will arrange to short near the upper pressure area tonight.

For the evening session, it is recommended to look for bearish opportunities in the 96,800-97,300 area in batches, with a target around 93,300. The points are for reference only.

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