Previously, we discussed the situation after Bitcoin broke below the 91,200 level. The current question is—can the two key support levels at 91,000 and 90,000 hold? From the momentum perspective, the bearish reversal strategy has been executed quite smoothly.

Looking at the 4-hour chart, Bitcoin has entered a low-volatility consolidation around 90,500, with the price moving along the lower band of the Bollinger Bands. The middle band has turned downward, while the upper band is still rising, and the Bollinger Bands are widening. This pattern indicates that the bears still dominate, and there is still room for further decline. The lower band remains the critical line of defense.

Reviewing the previous trend—after reaching 94,700, the price continued to decline, accelerating after breaking the middle band. Although there were minor rebounds, the overall trend remained unchanged. There are significantly more bearish candles than bullish ones, and their bodies are not small, reflecting strong bearish momentum. However, trading volume is decreasing, and the speed of decline is slowing down, giving us some opportunities.

The key now is whether the 90,000 level can be broken again. If the price drops toward the 89,000–88,500 range, it will depend on whether it can stabilize. Once stabilized, a rebound back to around 91,500 can be considered. For Ethereum, the key level to watch is 3,100.