Bitcoin's recent performance has indeed been somewhat frustrating. The price has been repeatedly testing the $90,000 level, with a short-term increase of 1.1%, but the overall pattern remains weak. What's more disheartening is that the current quote has already broken below the 20-day moving average (around $91,752) and the super trend line, indicating that the main market trend is still downward.

Looking at the candlestick chart over this period makes it clear—prices have been making lower lows and lower highs, which is a typical downtrend. If it falls below the $89,025 support level, it is highly likely to continue downward, possibly reaching $87,263 or even further down to $84,681.

When is a rebound considered successful? There is a clear standard. From the low of $87,263, the rebound to the current $90,072 shows some signs of lifting, but to confirm an upward trend, the closing price must break through $91,054, ideally pushing up to $92,466. The key is that trading volume must support this move; otherwise, such a rebound is just a technical correction and won't generate a real upward wave.

Technical indicators are also bearish: RSI is at 45.25, neutral but leaning weak, not yet overbought; the MACD histogram remains negative, with no relief in downward pressure. Multi-timeframe comparisons are also not optimistic—resistance levels across various periods outnumber support levels, meaning upward movement is more difficult, and the downside space is more ample.

In short, Bitcoin remains primarily bearish in the short term. Only a breakthrough of the critical zone between $91,054 and $92,466, accompanied by a significant increase in volume, can truly reverse the trend. Otherwise, the price may oscillate around $89,025 in the near term, and once support breaks, it could continue downward to $87,263, and further down to $84,681. It is recommended to pay close attention to these key levels, avoid chasing highs impulsively, and refrain from blindly shorting—stay cautious.