The opportunity around 93000 that was mentioned yesterday indeed materialized, and the market moved as expected during the midday session. Many traders seized the entry window, but then the price started to retrace steadily, and it has now fallen below 92000, confirming a bearish outlook.

Recently, the Bitcoin's consolidation pattern has changed. The key support level at 92000 has been effectively broken, and the price continues to decline. This indicates that in the short term, the market may continue to test lower levels, with the target most likely near the previous upward starting point, around 90900.

From the 1-hour chart, the weak signals are quite clear. After the breakdown, the moving average system has already turned bearish, forming a persistent suppression pattern. The MACD is still showing a death cross that is expanding, and the green bars are increasing, indicating that the downward momentum is still being released. Originally, 92000 was a support level, but once broken, it has turned into a resistance level. The rebound strength is weak, and the market naturally gravitates toward the previous upward starting point.

Next, we need to closely observe the performance at the boundary of the range. The resistance at 93000 above remains a key level to watch, serving as the first hurdle for a rebound.