From a technical perspective, I remain cautious about the future of Bitcoin. The current sideways consolidation phase seems more like a buildup before a significant decline.

The key resistance level is around 95,000. If this level is effectively suppressed, the next support zone shifts to the 87,500-89,000 range. Whether this range can hold will determine the subsequent trend direction. From a larger cycle perspective, the bearish momentum still dominates, and the next reasonable target could be around $76,000.

This is not a simple technical rebound theory but a judgment based on the current pressure-support system and the long-term cycle trend. The key is whether 95,000 can hold; once it is broken, the probability of a downward move will increase further.