Market conditions remain deadlocked, with bullish momentum clearly waning
After experiencing a recent 8%-10% correction, Bitcoin's rebound has already lost steam. Although BTC has seen some recovery in recent days, buying pressure remains insufficient, causing the price to repeatedly face resistance near the $90,000 mark. The current trading environment is filled with uncertainty; the market has neither confirmed the strength of the rebound nor shown new downward signals, creating a typical "hesitation" situation. According to real-time data, BTC is currently quoted at 91.64K, with a 24-hour increase of 0.95%. However, this slight uptick has not been able to change the fragile technical outlook.
Technical signals indicate increased likelihood of forming lower highs
Chart analysis shows that the $86,800–$87,500 range has become the "ceiling" for this rebound, which coincides with the previous starting point of the decline, indicating clear resistance. Momentum indicators such as RSI and MACD continue to weaken, reflecting a