BTC Market Analysis:

Bitcoin's bearish momentum dominates in the short term, with price breaking through the 91K round level and gradually approaching the key position of the first short target — which aligns precisely with the first gap on the CME chart. Key attention should be paid to the performance at the second gap position near 88K.

From an overall rhythm perspective, after encountering resistance above, price continues to oscillate within the wedge formation. Short-term focus should be on the 90K support level; once breached, watch for support strength around 88K. Combining trendlines and chip concentration zones, the 875-880 range constitutes an important support level.

Trading strategy as follows: Take profits on short positions near 88K; seek long entry opportunities in the 95-98 range, with averaging-down points set in the 875-88 zone. Risk management must be properly positioned to control risk exposure.