The daily chart of Bitcoin has already shown obvious top characteristics. From the perspective of Fibonacci retracement, the area around 94,200 forms a key resistance level. Whether this level can be broken will determine if the upward trend can continue.

The four-hour technical indicators have long been overbought, with frequent overbought signals. Continuing to chase long positions in this state carries significant risk; instead, shorting opportunities are more worth paying attention to.

Looking at the recent market, Bitcoin has shown clear downward pressure around the 93,000 level. This serves as a logical entry point for short positions—placing short orders around 93,000 with targets at 91,300-90,300. Currently, this strategy has already yielded good profits.

For friends who haven't entered the market yet, the vicinity of 93,000 still presents a good shorting opportunity. As long as the Fibonacci resistance is not effectively broken, the short-term downward expectation remains valid. Today's trend is likely to continue this downward momentum.