Yesterday, Bitcoin experienced a sharp fluctuation amid escalating US-EU tariff tensions. It plummeted by 3% intraday, then entered a narrow range of sideways movement, finally closing around 92,667, down nearly 2,774 points from the previous trading day.

From a technical perspective, the current situation is somewhat delicate. The MACD indicator has clearly shown a divergence signal, with the daily DIF and DEA starting to contract from high levels, and the histogram's volume decreasing as well. Although the 4-hour chart still remains above the zero line, the momentum of expansion has significantly weakened. The bearish force is gradually accumulating, making it difficult for this oscillation to change in the short term.

If you want to trade, you might consider short positions around the rebound zone of 93,500-94,000, targeting the range of 92,500-91,000. Of course, this is just an observation based on the current technical analysis, and specific decisions should also incorporate your own risk management strategies.