Overnight US economic data was strong, market risk appetite slightly recovered, and US stocks filled the 1.19 gap.

Bitcoin's 5-day moving average pressure has dropped to around 90,000, with the daily chart continuing to operate within the 84,500-94,500 range; the correction starting from 97,900 on the 4-hour chart was completed at 87,300 as the first downward wave, and currently it is in the 4-hour upward wave starting from 87,300. After this wave completes, there will be another downward wave on the 4-hour chart; the 30-minute chart is temporarily operating within the 88,500-90,100 range of the 30-minute central zone 2.

Today, watch for resistance around 90,000-90,500 and support around 88,500-88,000.

Trading ideas: 1. Near 90,300-90,500, try short positions on rallies, with a stop loss at 91,000 and take profit at 89,000-88,500. 2. Near 88,500-88,000, try long positions on dips, with a stop loss at 87,700 and take profit at 89,500-90,000.

(The above suggestions are time-sensitive and for reference only)

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