These past few days observing Bitcoin's chart, I find it quite interesting. It's not because of how much it has risen, but because the downward trend is easing.

You will notice that the price is confined within a tight range, repeatedly oscillating, and most importantly—there's no further dip. This may seem ordinary, but it reveals a lot behind the scenes.

The previous sharp decline triggered by high-leverage liquidations saw abnormal trading volumes and extreme market panic. But now, things are different. After the liquidation wave subsided, trading volume returned to normal levels, and the price stabilized. What does this indicate? It suggests that selling pressure is diminishing, and the market is no longer in a one-sided downward slide. Some smart funds have already begun tentative buying at low levels.

From a candlestick perspective, Bitcoin is currently struggling near a key moving average. Although overall still under pressure, the acceleration of the decline has noticeably slowed—the bearish momentum is being exhausted. This is a subtle but crucial signal, indicating that the forces of bulls and bears are rebalancing.

If the market continues to hold the current lows and then breaks through the upcoming resistance level, a move toward $90,000 won't just be hype but more a result driven by intrinsic market momentum. The $90,000 level is not only a psychological milestone but also a region of fierce contention in the past. Once stabilized, increased inflows from outside exchanges and stop-loss orders from short-sellers will flood in.

Of course, risks are still present. If the lower support zone is broken, the upward momentum could be interrupted. But in reality, the longer the sideways consolidation lasts, the more momentum builds up for a rebound. Currently, Bitcoin isn't so much about continuing to fall further as it is digesting previous volatility, gradually preparing for the next phase.