Bitcoin's recent decline has indeed been quite sharp. The price has broken through the 94,000 and 93,000 levels consecutively, and there are no clear signs of a rebound in the short term. The current trend looks more like a consolidation after a decline rather than a true bottoming and stabilization.

In simple terms, there are more sellers than buyers. The consecutive breaches of these two key levels reflect a weakening market confidence in the short term. Bitcoin is now in a relatively weak zone, and even a rebound is likely to encounter resistance.

From a short-term perspective, the problem is that the price is still hovering below 94,000. This indicates that the overhead pressure remains heavy. Every attempt to push upward toward this level could be met with selling pressure. If it cannot stabilize above this point, the subsequent market is likely to continue being suppressed.

The most critical level to watch now is 91,500. Failing to hold this level would be risky, indicating that the support below is weakening and a deeper correction could be imminent. Conversely, if the price stabilizes here and sustained buying volume appears, there is a chance for a gradual recovery.

Overall, Bitcoin is currently in a relatively weak pattern, and market sentiment remains cautious. For investors, the most prudent approach in this situation is to stay on the sidelines or moderately control positions, avoiding being fooled by short-term rebounds. Whether a reversal can occur later depends mainly on two points: first, whether the price can re-establish above 94,000; second, whether new funds can be attracted at lower levels.