Bitcoin failed to hold above the key resistance of $93,000 in the early morning, leading to a violent decline in the market, with a low of $92,000 touched. The current price hovers around $92,300, having broken below the short-term moving average support on the hourly and 4-hour charts, and the technical structure has turned weak.

From the momentum indicators, the 4-hour MACD has formed a high-level death cross and is beginning to diverge, indicating that bearish momentum is accumulating. Meanwhile, the decline is accompanied by increased volume, but the rebound volume is shrinking, showing insufficient market support. If the price remains below the resistance zone of $92,500-$92,800, the market may further decline towards support levels around $91,500 and even $90,500. #欧美关税风波冲击市场 $BTC

Overall, the bears have gained short-term dominance in the market. Traders can focus on the resistance around $92,500; when a rebound shows weakness, consider a light short position, with a strict stop-loss set above $93,200. If the price unexpectedly breaks through this level strongly, it is necessary to cut losses promptly and reassess the trend direction.