In recent days, Bitcoin has been repeatedly bottoming around $90,000, and the market's enthusiasm has clearly cooled down. The recent correction from last night to this morning was quite significant, with Bitcoin dropping to a low of $90,675. It is now hovering around $91,227, down 2.5% in the past 24 hours. Everyone is asking whether the previous rally can continue or if the market trend has changed.

From a technical perspective, the outlook is not very optimistic. Bitcoin has broken below the $92,155 support level on the 4-hour chart, indicating that a downward momentum has indeed formed. Some analysts are eyeing the $87,600 level, which is around this month's opening price, believing it could become a stopping point for this decline.

The entire market is adjusting, not just Bitcoin. Ethereum is currently at $3,165, down 3.84% over the past 24 hours, performing even weaker than Bitcoin. SOL, one of the popular blockchain tokens over the past two years, is now priced at $136.53, down 3.21%. The simultaneous weakness of the three major mainstream coins suggests that market risk appetite is indeed decreasing.

In terms of trading volume, market participation is also shrinking, and investors are noticeably more cautious. Whether the previous rebound can hold steady is now a big question. If Bitcoin continues to decline, the performance around $87,600 will be crucial—holding this level might allow for a rebound, but breaking below could mean further declines to find support.