Bitcoin's recent trend is quite interesting; let's analyze it layer by layer.

Looking at the weekly chart, the price has been flat for a while, and the KDJ indicator is starting to turn upward. The formation of a bullish divergence is gradually taking shape. These details all suggest that a bottom may be brewing. Now, we just need a clear signal of stabilization and rebound, while keeping an eye on the fundamentals.

Switching to the daily chart, the short-term upward trendline has been broken. Currently, the price is oscillating between the 5-day and 10-day moving averages. Consecutive bearish candles indicate that the bulls are somewhat exhausted, and this stage is a typical correction phase.

The 4-hour chart is even more interesting—MACD remains below the zero line, but the histogram is starting to contract. This often indicates that the bears are losing strength, and the downward momentum may be nearing exhaustion. In the short term, the strategy is to wait for a pullback to lower levels before considering long positions.

The resistance level is around 94,000, and the support depends on whether the 89,300-88,300 zone can hold.