Bitcoin short-term trend update. After the previous rebound, it has now entered a sustained decline phase. Although the planned short at the previous high was not fully executed, the overall trend aligns with expectations—the second scenario of a sharp decline has been validated.

From a technical perspective, BTC has formed a descending wedge on a smaller timeframe. It still needs a further drop to complete the pinching action, with an expected low around 89,000 to signal a potential bottom. This price level corresponds to the support zone, which is also my main area for adding long positions.

It is important to note that although the current price touched the upper boundary of the previous consolidation range, there are no signs of a bottoming out yet. A likely scenario is a false breakout—an accelerated downward spike followed by a quick retracement, then a rebound. You can place a buy order at 89,305, with an expected rebound of about 3,000 points, targeting 93,000.

The short-term trading approach is quite clear: go long to ride this rebound, then look for short opportunities at the right time. That’s the current rhythm.