Bitcoin's recent market movements are quite interesting—after dropping from $92,000, it continued to decline until approaching $89,000 before stopping. Many people bought the dip at that level, and the price rebounded quite quickly. It has now climbed back above $91,000 and stabilized above the 100-hour moving average. This indicates that even after the decline, buying enthusiasm hasn't completely faded.

From a technical perspective, the situation remains intriguing. Bitcoin successfully broke through the $90,750 resistance level, and more importantly, it surpassed the previously suppressive bearish trendline. This breakout suggests that the short-term downward momentum has finally eased, and the market is no longer in a free fall.

However, the real critical level is still around $90,000. As long as the price holds above this level, the bulls have reason to push higher. The subsequent market is likely to enter a consolidation phase, oscillating between $90,000 and $92,000, with neither side fully overpowering the other. Market sentiment, especially influenced by news and large traders' actions, tends to be quite volatile during this period, so fluctuations are inevitable.

That said, there is still pressure near $92,000. If upcoming buying does not remain firm, the price could be pushed down again, facing another correction. Therefore, rather than blindly chasing highs or piling on positions, it's better to understand your own risk tolerance first. The key support level is around $89,000; if it truly breaks below that, be prepared for a retest. For traders, managing position sizes and setting proper stop-losses are more important than anything else.