On the 4-hour chart, BTC price has posted three consecutive bearish candles, continuing to move lower. The Bollinger Bands are converging, and technical indicators favor a bearish setup. The MACD is above the zero axis, but the DIF line has crossed below the DEA line, forming a death cross, with increasing red histogram bars, indicating the market remains in a downtrend.

On the 1-hour chart, the middle and lower Bollinger Bands are pointing downward. After the price broke below the lower band, some bullish capital entered to trigger a rebound, but momentum is lacking. The market may enter a correction phase on Saturday, showing a narrow range fluctuation. Bullish recovery may be delayed, the downward channel has opened, and attention should be paid to the continuation of the trend.

BTC: Short around 89,600-90,000, add at 90,500, target 88,600-87,000