Bitcoin is now fluctuating around 90,000. At this time in the early hours of Beijing time, the main force's choice of direction at this price level is very clear. Some say the market will dip to 85,000, but I think that's a bit far off—the wave north has just begun. The next target is the Fibonacci retracement level 0.618, which is at 94,200 resistance.

Look at the daily K-line; at the time of writing, the highest reached 91,250, and the lowest dropped back to 90,400. Both EMA15 and EMA30 are supporting at the 90,000 level. Although MACD is expanding in volume, DIF and DEA are still below the zero line. The key point is that as long as we hold above 90,000, the upward momentum remains. The middle band of the Bollinger Bands supports at 89,500, which can be considered a risk line. Overall, the market shows more consolidation, with the main trend still favoring moving north from lower levels.

The four-hour chart is even more interesting. The 90,000 level has obvious support, and the EMA trend indicator is contracting around this point. MACD is expanding upward, and DIF and DEA are forming a golden cross—these all indicate that the main force is accumulating strength here. The short-term upper band of the Bollinger Bands is stuck at 91,200; whether it can break through this level is crucial. Honestly, as the Bollinger Bands are contracting, the main force is choosing a direction around 90,000. Holding above means continuing north; losing it means heading south.

For short-term reference: the market has no absolute certainty, so stop-loss must be set—safety first. If the price does not break below 90,300 to 89,800, set a stop-loss of 400 points. The initial target is between 91,000 and 91,500; if broken, then look at 92,000 to 92,500. Conversely, if the range from 90,000 to 89,500 is broken, also set a stop-loss of 400 points, with targets at 88,000 to 87,500. If broken again, then look at 88,000 to 87,500.