From 94,760 to 89,588, Bitcoin's current decline doesn't seem to be just a simple correction—there are clear signs of structural damage already appearing.

Looking at the 1-hour chart, the Bollinger Bands have already torn downward, the moving average system shows a complete bearish alignment, and the MACD green bars continue to expand. The market language is very straightforward: rebounds are easy, but stopping the fall is the key.

On-chain performance confirms this. Large transfers to exchanges have not decreased, short-term chips are loosening, while those big accounts are observing quietly. From a macro perspective, liquidity expectations are tightening, regulatory uncertainties remain, and there are no signs of a fundamental turnaround for now.

So, what’s next? If a rebound reaches 90,500 but fails to stabilize, beware of a potential trap for more gains. The real support zone below should be between 88,500 and 87,800. Once this is broken, we can determine whether it’s a true bottom or a false one. From a technical standpoint, a sign of stabilization requires a combination of increased volume bullish engulfing candles on the 4-hour chart plus a MACD golden cross—both conditions must be met to count.

Bitcoin’s path is now right in front of us—patiently wait for the right-side signals, and use logic rather than emotion to seize every opportunity. The market will ultimately give honest answers.