Yesterday, Bitcoin's short positions around 94,500 were successfully run to 89,500, followed by a slight rebound. But it's important to clarify—don't be fooled by this rebound; it's just a technical correction after the price hit short-term support, and there's no real trend reversal. Those who blindly bottom-fished will end up suffering losses.

From the market perspective, the dominance of the bears has not changed. The support at 89,500 is actually quite weak, only temporarily halting the decline and far from forming an effective bottom structure. During the drop from 94,500 to 89,500, selling pressure continued to appear, and trading volume did not shrink, indicating that the bears are still in control. More telling is that the volume during this rebound is clearly insufficient, a typical sign of a weak rebound, with no sustained upward momentum.

In terms of strategy, the same advice applies: don't rush to buy the dip. The range between 90,600 and 91,500 has already formed a clear resistance zone, which is not only a key point of previous oscillation but also the area where bears most want to re-enter. Investors should stay calm, follow the trend, and avoid being confused by the short-term rebound. Wait until there are shorting signals near the resistance level before taking action. The key is to strictly set stop-losses to prevent risks from market volatility.