Can it hold the line of $90,000?

Recently, the market has been continuously correcting, and the confidence of the bulls has been hit. Many people are looking forward to a V-shaped reversal at this position, but the reality may be harsher — from a technical structure perspective, for Bitcoin to truly stabilize and rebound, it is likely that it needs to break through the psychological barrier of 90000 first.

The current strategy is clear: use 91300 as the dividing line for long and short positions. In the short term, we continue to hold a bearish outlook, with the primary goal being to test whether it can break below the 90,000 psychological level. Once this position is lost, the subsequent trend may welcome a real bottoming opportunity. The market often requires a more thorough washout to brew new upward momentum.