Currently, Bitcoin has formed a clear resistance structure in the 92,000-92,500 region. After multiple unsuccessful attempts to break through, the price turned back and fell, indicating that selling pressure is concentrated in this area. As the local highs gradually decline, short-term buying momentum weakens significantly, and market sentiment is shifting from high-level oscillation to a more bearish direction.

Technical indicators also signal a bearish trend: the price continues to stay below key resistance levels, and the hourly volume shows weak characteristics of "declining volume during dips and shrinking volume during rebounds." Meanwhile, the stochastic indicator and MACD are both in the bearish zone, and there are no effective bullish divergence or reversal signals yet.
#Gate储备金报告 $BTC
If the price cannot quickly rebound above 91,500, it will continue to test the support strength at 91,000 in the short term. Once this level is broken, further decline to the 90,000-89,500 range may occur. In the current environment, rebound strength is relatively weak. Short-term trading strategies should focus on gradually building short positions near key resistance levels, with strict stop-loss settings and close attention to the battle between bulls and bears at support zones.