The trend has changed, and the previous bullish idea is no longer valid. Recently, Bitcoin's movement has been retreating after approaching the 95,000 level. The intraday low was around 89,300. If you've been paying attention to my other markets, you should know that I have been bearish from the 95,000 level down to around 89,600. Maybe I haven't shared this idea clearly earlier. Without further ado, let's get to the main topic.

On the four-hour chart, after testing the lower Bollinger Band, the price formed a lower shadow and then moved upward. It is now trading within the middle to lower band range. In the short term, the price is supported at the bottom and is likely to rebound. The current resistance above is near the middle band at 92,300. The MACD is also in a shrinking bearish state, indicating that the price is likely to rebound tonight.
Therefore, the current price at 91,000 can be directly viewed as bullish towards around 92,100. A breakout could lead to further gains towards the 94,000 level. #PI #BTC #ETH