#比特币价格走势 Bitcoin falls below 90,000, but the key still depends on the 4-hour moving average convergence at this level. Around the $90,500 range, multiple moving averages converge to form resistance — a typical technical convergence signal. The probability and strength of a breakout will determine the subsequent trend.

From a capital perspective, the overall liquidity improvement remains, which provides strong support for risk assets. The adjusted take-profit levels (96,200, 101,600, 110,000, 112,500) also reflect the dynamic optimization of the analysis framework, indicating that the market is recalibrating its expectations.

The current key point to observe is whether this moving average convergence can be effectively broken through. If it can successfully break above, it will have the conditions to continue upward; otherwise, a reassessment of the support levels' validity is needed. The trend itself has not been broken, but the details will determine the subsequent operational space. Continuing to track the movements of large on-chain holders and capital inflows will provide a clearer picture of the market's true intentions.