Bitcoin surged to 90799.90 yesterday and then started to pull back, currently oscillating around 90300. In the short term, the 90350-90400 zone forms a support baseline; if broken, attention should be paid to the performance around the 90000 level. The 90600-90700 range above is the resistance level during a rebound.

From a technical perspective, MA7 has already crossed below MA30 to form a death cross, with both moving averages pointing downward, and the price has also fallen below the moving averages, indicating a clear bearish trend. The recent candlesticks are mainly bearish, and although there was a technical rebound in the early morning, it was just a recovery from oversold conditions with no signs of reversal.

In terms of trading strategy, if the rebound to around 90600 cannot break through effectively, consider taking a light short position with a stop loss above 90750. If the support at 90350 is broken, then follow the trend and look for further downside toward 90000. The weekend market is expected to remain volatile, with a strategy of buying low and selling high. Ethereum and Binance Coin show similar trends, and caution should be taken to prevent synchronized declines.