Thursday morning Bitcoin outlook, with clear resistance above. The main strategy for the day is to short on rebounds.

The market never waits, and opportunities often only favor traders with strong execution capabilities. Last night, after the US stock market opened higher, Bitcoin surged then fell back to around 87200, with clearly insufficient rebound momentum. Previously, a clear short idea was given around the 90000 level, and the price quickly retreated, with about 3000 points of the move already realized. Currently, Bitcoin is again attempting to rise near 90000, but the bullish continuation remains weak.

From a short-term structural perspective, the price remains in a range-bound oscillation, but the highs and lows are gradually shifting downward, indicating a generally weak rhythm. On the four-hour chart, the Bollinger Bands continue to move downward, and intra-day rallies are mostly technical rebounds, all suppressed by the bears. The 90000 level remains a key resistance. Until a clear breakout and stabilization occur, rebounds are better viewed as shorting opportunities.

For early trading, consider short positions above 90000, with targets around 88000 to 87000.