Bitcoin's rebound momentum has recently cooled off. On a smaller scale, the Bitcoin is beginning to enter a sideways consolidation phase, no longer pushing higher, and the short-term highs are basically consistent with previous predictions—resistance around 98,000 is still difficult to break through.

Looking at the larger cycle, this wave of rebound just touched the 0.382 Fibonacci retracement level, and didn't even reach the 0.5 level. Judging from the overall rhythm, the trend still shows signs of fatigue. The key level to watch closely below is 91,300; if it breaks below this, it could mean that a new low is imminent.

Market conditions change rapidly. To stay updated on trend movements, you need to pay close attention to market reactions. Analyzing charts, data, and the performance of key levels is essential for making a clear judgment about the future market direction.