The recent weeks have indeed seen significant market fluctuations. Looking at the candlestick chart, BTC's daily MACD is forming a consolidation pattern, and the policy uncertainty brought by the Federal Reserve's upcoming interest rate decision at the end of the month has made market sentiment particularly cautious. Liquidity expectations tightening have directly suppressed the performance of risk assets, and as the leading cryptocurrency in the market, Bitcoin naturally cannot escape this influence. From a macro cycle perspective, BTC is likely to continue its oscillation pattern this month, with objective downside pressure.

However, it is important to clarify a common misconception—correction does not equal a bear market. The key still depends on what the technical analysis indicates.

From a technical standpoint, BTC has a clear support level around 89,500. This judgment is not a subjective guess but is based on the overlap of historically dense trading zones and previous lows. This price has repeatedly faced selling pressure without being effectively broken below, indicating that buying strength below is not weak. The current decline is a typical secondary double-bottom pattern—so long as the key support is not broken, the medium-term outlook remains unchanged.

Market data shows that there are indeed signs of concentrated buying around the 90,000 level. Many traders have initiated small long positions at this level, setting targets around 91,500. From yesterday’s price action, these setups have been validated by the market.

It is worth noting that while BTC is experiencing volatility, the tokens ZEC and WLFI are also undergoing similar pressure. But it is precisely in such high-volatility environments that structural trading opportunities often emerge. The support and resistance levels on the technical side, along with changes in capital flow dynamics, are the key factors in judging the subsequent trend.