#技术分析 BTC is currently repeatedly facing resistance around $89,417. The key is whether it can hold above the $90,600 resistance. From my observation, this rebound lacks volume support and is merely a short-term technical correction — the hourly chart shows a surge in volume during the sharp drop from $90,600 to $88,500, clearly indicating panic liquidation.

The four-hour chart provides a clearer picture: after a period of consolidation, the subsequent downtrend shows a large red candle followed by a tentative green candle, a typical sign of market hesitation. Although there is some support and rebound around $88,563, the price remains trapped in the $89,000-$90,000 range. The daily chart shows more pronounced bearish characteristics, with a slow decline from the high of $107,465 to the present, with multiple failed attempts to break through the $94,000-$95,000 zone.

Indicators are also not optimistic: RSI is only at 43, and ADX hovers around 26, indicating a weak trend. More importantly, all moving averages are bearish — from the 10-period EMA at $90,690 to the 200-period SMA at $108,575, showing no upward momentum. Although momentum indicators are beginning to show some divergence from purely bearish signals, they are still insufficient to reverse the downward trend.

The key points for the next 48 hours are clear: if BTC can hold above $90,600 with significant volume and break upward, the path to $94,000-$95,000 may reopen; conversely, if it falls below $88,500, it could directly test the support zone of $80,500-$82,000. At this stage, preparing for both sides is more pragmatic than blindly bullish or bearish.