BTC market analysis: Most people believe that the price will soar immediately after Trump's inauguration on the 21st, so I think the price drops here are just emotional pullbacks. Regarding Trump and Musk's attitudes towards cryptocurrency, I don't think that Bit will enter the Bear Market phase just because it broke 90,000, it's just a larger pullback in the longer term, so there's no need to have overly pessimistic sentiment towards Bit!

Next, let's talk about the short-term trend of Bitcoin:
Figure 1, Bit four-hour trend: It received support above 90000 again, and there is a chance to continue the range oscillation of 90000-100000 before breaking this support line.
Figure 2, Bit hourly trend: currently under pressure at 95000-96000, this is a central pressure level and also a short-term bull-bear watershed. In the chart, I made a note at 97200. If the market breaks through 96000, pay attention to 97200. If there is a pullback, be sure to remember not to fall below 95000, otherwise it will be a false breakthrough, and the market will directly plummet and form a similar situation as the breakthrough of 100,000 and the subsequent pullback.