Last night's movement didn't meet expectations, and BTC indeed precisely tested the 90k threshold. Our "downtrend plan" that we devised two days ago has finally come to fruition.

From a technical perspective, there are two clear signs worth paying attention to:

**Daily Chart Level**: A very long lower shadow (commonly called a Pinbar) has formed, which is a standard liquidity hunting move. What does this mean? In simple terms, it means that the bears swept through the bulls' stop-losses, but the buy orders below held firm, indicating that the buying pressure below 90k is not weak. The short-term bottom framework is thus confirmed.

**Structural Pattern**: The 4-hour chart is still within a downtrend channel and hasn't broken out, but the lows on the 15-minute chart are starting to move upward. Major institutional players are currently in a preparatory state.

**Next Steps**: The daily signal carries the most weight, so today's main rhythm is "sideways consolidation." Looking downward, the 90k line must be protected; a rebound without breaking below keeps the bulls confident. Looking upward, the 92-93k zone is the real pressure point. If the bears want to counterattack, they need to start from there.

The short-term bottom has already appeared, so avoid chasing shorts further. Patience is key for waiting for a rebound and correction.