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In the early hours yesterday, Bitcoin's price first dropped to the $90,800 level, forming a brief support. During the daytime session, a mild rebound unfolded, with the highest point reaching $92,680, but there was no effective breakout momentum during the rebound, and the price remained in a narrow consolidation range for most of the day. After entering the evening trading session, bearish forces were unleashed again, and the price directly broke below the key psychological threshold of $90,000, then continued its downward trend, only showing signs of stabilizing after hitting a low of $88,000. Currently, it is experiencing weak oscillations around the $89,200 level. Technically, there is a high consensus on Bitcoin's bearish pattern. On the four-hour chart, three consecutive solid bearish candles form a strong breakdown pattern; the price not only fell below the previous consolidation platform support but also forcefully pierced the lower Bollinger Band support, with the Bollinger Bands' opening continuing to expand downward, indicating that the downside space has opened up. The moving average system presents a standard bearish arrangement, with the short-term 5-day, 10-day, and 20-day MAs all diverging downward, exerting layered pressure on the price, making the trend pressure extremely significant. On the hourly chart, another high-volume drop after a brief consolidation shows that rebound momentum has been basically exhausted, and bears have fully taken control of the market. It is worth noting that the current market panic has not been completely cleared, and with the liquidity typically lower during weekend trading sessions, it is highly probable that the market will remain in a weak consolidation phase in the short term, and there is still room for further downside momentum.