This morning's assessment: Whether Bitcoin can hold steady in this rebound depends on 93000—that’s a key level. If it can’t break through, it’ll probably have to test the lower support again. The price action this afternoon was pretty interesting—it stalled just above 92000, almost exactly as predicted.

This kind of position really tests market sentiment. The bulls lack momentum, while the bears are watching closely, so it’s normal for the price to get stuck here. Next, we’ll see if some strength can build up—either a breakout or a pullback. The longer it consolidates, the more likely a big move will follow.