Bitcoin 4-hour chart, the price has already broken below the 90,000 level. Looking at the current trend, the 94,700 level is the top of this rebound, and it is likely to fall back to around 86,000 to find support.

Currently, it is consolidating at a low level, and the direction has not been fully determined yet. If you want to trade this market, it is recommended to use small stop-losses to control risk. Bulls can enter at the 90,388 level, but the stop-loss should be set at 89,900. If it can stabilize, the target range is aimed at 92,500 to 94,000.

The key is whether it can recover above 90,000 this time; otherwise, the downward pressure will be quite strong.