From a daily chart perspective, Bitcoin's price action has been trending downwards along the 30-day moving average (MA30). Currently, the MA30 has dropped to around 90,000, meaning that if a short-term BTC rebound fails to break and hold above 90,000, it will likely retest the previous low of 85,000, or even break below that level and continue its downward trend. Therefore, avoid chasing the price near 90,000 to prevent being trapped. #BTC #Bitcoin