#数字资产行情上升 Bitcoin fell below the 91200 level yesterday as expected, and the focus of the next round has shifted to the two support levels of 90000 and 91000. The current downward momentum is proceeding relatively smoothly, and according to this trend, these two price levels are likely to fail to hold as well.

From the 4-hour K-line perspective, $BTC is currently oscillating repeatedly around 90500, closely hugging the lower band of the Bollinger Bands. The middle band has turned downward, while the upper band continues to rise, showing signs of the Bollinger Bands expanding—this clearly reflects that the bears are in control, and there is still room for further downside exploration. The lower band has become the most critical support level at present.

Looking at the longer-term pullback process since the rally from 94700, you can see that after breaking through the Bollinger middle band, the downside accelerated toward the bottom. Although there were bounces in between, they fundamentally failed to change the overall downward direction. Looking at the market characteristics, the quantity and body size of bearish candles are quite prominent, showing clear bearish momentum. However, trading volume is shrinking and the downward momentum is also moderating, which gives us some room for thought.

Operationally, you can view it this way: First, watch whether 90000 can be breached again. If it breaks, it may move toward the 89000-88500 zone. Once this area stabilizes, the rebound space can be expected to reach around 91500. For $ETH, focus closely on the performance around 3100.