Bitcoin's recent trend has shown new changes. The price has fallen below $89,500 and is currently oscillating within the $89,500–$90,500 range, still lacking a clear direction. From the hourly chart, two downward trendlines have formed, with key resistance levels at $90,300 and $93,000. This indicates that as long as BTC cannot stabilize above these levels, selling pressure remains, and further declines are possible.

The current market signals reveal several points: Bitcoin is below $90,500 and the 100-hour moving average, indicating a generally weak outlook. In this scenario, if the price can break through the resistance around $92,000 in the short term, it may trigger a technical rebound, with a chance to test the higher resistance at $93,000. However, there's a key point—under the weak trend, such rebounds are often just "breathers" or corrections, and the risk of falling back after a rebound remains significant.

From another perspective, BTC is in a dilemma: resistance is dense above, while support below is insufficient. If it cannot effectively break through the $92,000–$93,000 zone, it may decline again in the short term, even testing support around $87,000–$88,000. For participants, this stage tests patience more—waiting for the price to firmly stabilize above key resistance before considering operations. Blindly chasing rallies or dips can easily lead to being caught in oscillations. In simple terms, for BTC to truly reverse its downward trend, it must break through $92,000–$93,000 with increased trading volume to be meaningful.