Analyst: The risk of chasing BTC in the short term is relatively high, but as long as it does not fall below $89,923, there are still opportunities to follow the trend tomorrow.

ChainCatcher news: Crypto analyst Murphy (@Murphychen888) stated on social media that Bitcoin is experiencing a strong upward movement, with the 4-hour K-line having deviated significantly from the baseline at $89,923. The current price has reached the fourth expected price level, so chasing long positions from the current level is not advisable in the short term. The analysis suggests that as long as the price does not fall below $89,923, there will still be trend-following opportunities tomorrow. On the daily K-line, Bitcoin is still below the bearish trend line but is approaching the trend line at $93,958. Once the daily K-line closes above this price, the indicator will shift to a bullish trend, with upper target prices at $95,604 and $99,108 respectively.