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Looking at the 4-hour chart, after a week of continuous gains, a correction is indeed due. Usually, in this kind of rhythm, there should be a two to three-day retracement space. Now, as it approaches around 94,000, it indicates that the selling pressure here is quite strong.
What will the next few days' path look like? Let's consider two directions:
**If the bulls can support it**, and the price stabilizes around $93,300 and breaks through, it will likely trigger buying interest. Looking upward, $93,300 to $94,000 is the first line of defense. Once broken, $96,500 and $98,000 will come into view. The support below is already in place, and the downside space is actually limited. If liquidity shifts upward, it could easily push for a rally.
**What if it weakens?** If it falls below $92,000, in the short term, it will test the $90,000 to $89,400 range. Going further down, watch out for $88,200 to $86,800. Especially after breaking below $91,200, it might enter a consolidation mode again.
Overall, after a short-term decline, the probability of an upward move is higher. But keep an eye on sudden dips and retests. If there's a chance to drop near $90,000, that could be a good buying opportunity.