Bitcoin has now effectively broken below the 91,000 support level, and the overall downward trend is basically in place. The next key focus should be on the strong support zone around 90,400-90,000, which is critical.

To be honest, the 90,000 integer threshold is very important. If it can stabilize here, there is a good chance of a rebound in the evening back above 92,000. But conversely, once it strongly breaks below 90,000, don’t overthink it—look towards the defense line at 89,200-88,600, which will be the next support area.

That’s how the market is—support levels one after another. Now, it all depends on whether the bulls can hold the 90,000 level.