Bitcoin's recent trend has indeed been a bit embarrassing. Whether looking at the 4-hour chart or the daily chart, the key support level at 90,000 has already been broken. All technical indicators are signaling downward momentum, and there are no signs of stabilization.

To put it simply, the recent sharp decline in Bitcoin is due to several core resistance factors hitting at the same time. These factors stacking up together have led to an unstoppable downward trend.

Yesterday's market movement also perfectly confirmed this, with the entire rhythm aligning with technical expectations. The current question is whether new support levels can be found to halt the decline.