This wave of BTC price action is definitely worth a careful analysis. Let me break down the current situation from a technical perspective.

On the daily chart, price has broken through the short-term uptrend line and is currently oscillating between the 5-day and 10-day moving averages. Although bears have gained the upper hand in the short term—with MACD death cross and increasing green histogram volume—don't rush to turn completely bearish, since the EMA50 is still holding at 90200, and current price remains above it, so the medium-term support is still intact.

Looking at the 4-hour chart, there was a bounce after touching the Bollinger Band lower band at 89262, but honestly the bounce strength is less than ideal. The RSI indicator has at least escaped the oversold zone, showing some short-term bounce momentum, though this doesn't change the weakness on the daily chart.

From an operational perspective, consider a high-sell/low-buy strategy in the short term. Specifically, you can enter short positions if resistance is encountered around 92000, and consider long positions on dips if 89500 holds. If price successfully establishes above 92000, you can follow through with long positions targeting the 92500-93000 range; conversely, if 89500 breaks below, be alert to downside risks toward 88000-88500.

Of course, market conditions change rapidly, so these are just reference ideas based on current technical analysis.