From a technical perspective, Bitcoin is likely in the correction phase of the fourth wave, with some distance remaining before the fifth wave begins. The current price hovers around $93,000, with an intraday high of $95,500, but it broke below the key support level of $94,000. If the short-term decline continues, a correction to the range of $71,000 to $84,000 is expected. $88,000 becomes an important support level, and this position warrants close attention. Once it is broken, further downside space will open up.