Recently, Bitcoin's price movement has been quite interesting. The rebound yesterday looked very powerful, but it turned out to be a trap—an impulsive large bullish candle that was ultimately turned into a bearish candle, classic "whipsaw" market behavior.

Honestly, I had already set a short position at a high level yesterday, but I was worried about a direct breakout, so I exited near the entry point, missing out on this rapid decline. Looking back, I do feel a bit regretful.

From a technical perspective, the short-term resistance line above 90,000 has become a strong barrier. As long as the price pushes back to this level, it presents a good shorting opportunity. The minor support below is around 87,000, and overall, the price has been oscillating within this range.

The current situation is as follows: smaller timeframes have already touched the lower support of the oscillation band, and a rebound is likely to follow. If the rebound is strong, we could see a V-shaped recovery back to the 89,000-90,000 range; if the rebound is weak, the price might only bounce to around 88,000 before dropping again.

So, the key is whether the price can break and hold above 88,000. If it fails, it's a good opportunity to go short; if it successfully breaks through, then wait for the next range to present new opportunities. It all depends on the actual strength of this rebound.