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Wednesday Morning Market View: Bears Are Dominant, Follow the Trend
Overnight market continued to weaken, and market sentiment is clearly under pressure. Bitcoin has almost no resistance to rebound, breaking below the 90,000 level and declining further, with the lowest touching around 87,800. Bulls remain on the defensive. In recent market conditions, we have consistently maintained a bearish outlook, and the overall rhythm has been relatively smooth.
From the current structure, the bearish trend is very clear. The daily chart closed with a large bearish candle, and the trend direction has not changed; all cycles show a bearish alignment, and the 4-hour timeframe shows an accelerated downtrend pattern, indicating a tendency for unilateral continuation. In this environment, the market struggles to form effective support, and rushing to bottom fish carries significant risk.
In terms of operations, today’s strategy remains mainly to follow the trend and short.
Focus on the 88,600–89,000 area in the early session; after a rebound faces resistance, consider short positions,
with the lower target reference at the 86,000–85,000 range.
$BTC #欧美关税风波冲击市场