The recent surge in Bitcoin's price has indeed been a bit exhausting to watch. The wave of capital inflow from the spot ETF has basically been exhausted, and the pace of entering the market is likely to slow down. Plus, the tense geopolitical situation has lowered global risk appetite, and regulatory attitudes towards cryptocurrencies are tightening in various countries. All these factors are weighing heavily on the price.

From a technical perspective, the situation is quite interesting. On the 1-hour chart, Bitcoin surged to 93,388 but then lost momentum, dropping quickly and leaving a long upper shadow. This double top pattern looks like a sign of a top. There are issues with volume—when pushing upward, volume didn't keep up; when falling, volume increased, indicating the bulls are losing strength.

Looking closely at the indicators, the MA7 has already been broken, and the support at MA30's 91,635.30 is shaky. RSI has fallen from overbought levels, and the MACD red bars are shrinking, confirming a short-term correction is coming. If the price breaks down, first watch 90,800, which is today's low. If it truly breaks the 90,000 level, the short-term target will shift to the 88,000–89,000 range.

The current trading strategy is: short from 92,800 to 93,300, with targets around 90,800 to 91,380. Risk management should be emphasized, as the crypto market is very volatile.