Bitcoin has tested the anticipated support zone around the 90K level. The price is holding for now, but don't mistake it for strength—spot market selling has been relentless since yesterday. Most of the buying pressure is coming from perpetual futures, which tells you something about retail vs institutional positioning right now. The real move will come when we see spot buyers stepping back in. Watch for a reclaim of the previous swing high's point of control. That's your entry confirmation if you're looking to re-establish long positions. Until then, we're in a holding pattern between supply and demand.