Looking at the current trend of Bitcoin, from the rebound at 90,600 to 91,300, the overall pattern is still dominated by the bears. To be honest, the rebound strength is not enough; there is a fortress blocking at the 91,800-92,000 level. If it can't break through, we have to admit that this wave might just be a technical correction within a downtrend, and the price could continue to decline later.

Regarding technical indicators, on the 4-hour chart, the moving averages are clearly in a bearish alignment. The RSI stays below 50, and the MACD is still hovering below the zero line, indicating that the bearish momentum still prevails. Interestingly, during the rebound, the trading volume did not show a significant increase; in other words, the participation of the bulls is not enthusiastic enough. If the price shows signs of stagnation in the 91,300-91,800 range, that could be a good opportunity for a high-level short position.

Looking at the bigger picture, the main market tone remains bearish. There is a support line at 90,500-90,800. If this line is broken, the price may further decline to the 89,500-90,000 zone. From a trading perspective, the main strategy is to short on rebounds, but risk control must be well managed. Unless the price unexpectedly stabilizes above 93,000, the short-term downtrend is likely to continue.