BTC's recent rebound looks a bit weak. From a technical perspective, the short-term is indeed oversold, so on the 11th, it will test the 91,500-91,800 range, but the rebound process will be very uncomfortable—bull and bear disagreements are intense, and there might even be some sudden negative news. Just wait and see, a rebound to the top is just a long upper shadow, and you must reduce your positions on rallies.

On the 12th, there will be a brief easing, and indicators can also recover. Market sentiment stabilizes and looks very comfortable, but the most deceptive time in the cycle is like this. The key issue is that trading volume can't keep up—this is the ultimate sign of a trap. If you're still holding long positions, 92,000-92,500 is your last escape door. Either close your positions or reverse to short, don’t hesitate.

After that, there will be no more opportunities. The rebound on the 13th will be completely weak, the price will get stuck, bulls will be powerless, and the market will start to decline gradually. At this point, it's time to exit and watch, with bulls completely out, and those holding no positions waiting quietly for opportunities.

On the 14th, a brief period of balance will occur, with the 89,500 key support becoming the decisive point for bulls and bears. Volatility will drop very low, looking calm on the surface, but often this is just before a storm. Keep a close eye on this level—once the candlestick body breaks below 89,500, the downward space will be fully opened, and that will be the real breach.