Bitcoin stabilized and rebounded after dipping to a low of 90615 in the morning, shifting into a volatile upward trend, with clear low-position buying support that gradually repaired the decline, leading to a brief recovery in market sentiment. In the evening, after a surge to 93080, the momentum weakened, and it quickly fell back to 90157, erasing most of the daytime gains and approaching the morning low, with rapid shifts between long and short positions. From a technical perspective, the 90000 psychological level serves as a key support, being the critical defensive level tested twice today. If this level is broken with high volume, the short-term rebound structure will be confirmed as a failure, likely opening a new round of downward movement. If 90000 is lost, the market will test stronger support areas below, such as 89500 (previous effective support) and 88500 (recent lower boundary of fluctuation). Overall, Bitcoin is still in a corrective pattern in the short term. As long as it does not effectively break and stabilize above the resistance at 92000, the current fluctuations are more likely to accumulate downward momentum; if the resistance remains unbroken, bearish sentiment may dominate the trend again.
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Bitcoin stabilized and rebounded after dipping to a low of 90615 in the morning, shifting into a volatile upward trend, with clear low-position buying support that gradually repaired the decline, leading to a brief recovery in market sentiment. In the evening, after a surge to 93080, the momentum weakened, and it quickly fell back to 90157, erasing most of the daytime gains and approaching the morning low, with rapid shifts between long and short positions. From a technical perspective, the 90000 psychological level serves as a key support, being the critical defensive level tested twice today. If this level is broken with high volume, the short-term rebound structure will be confirmed as a failure, likely opening a new round of downward movement. If 90000 is lost, the market will test stronger support areas below, such as 89500 (previous effective support) and 88500 (recent lower boundary of fluctuation). Overall, Bitcoin is still in a corrective pattern in the short term. As long as it does not effectively break and stabilize above the resistance at 92000, the current fluctuations are more likely to accumulate downward momentum; if the resistance remains unbroken, bearish sentiment may dominate the trend again.