Bitcoin price has been falling from $96,500 and has now broken below the $90,000 psychological level, with a clear dominance of the bears. From the 4-hour chart, the MACD has formed a death cross, and the RSI is in the oversold zone, indicating that the short-term rebound may not be very strong.

Looking at support levels, the $88,000-$89,000 range is a strong intraday support. If it cannot hold here, then the mid-term key support at $87,200 will have to be relied upon.

On the resistance side, the $91,000-$91,500 range is a recent strong resistance. A rebound will need some effort to break through this. If it can break above the $93,000 level, then there is a possibility of reversing the bullish trend.