#比特币价格走势 I have observed the coordination between on-chain data and technical analysis. Bitcoin has retreated below $90,000, but from the 4-hour moving average convergence, the range around $90,500 indeed forms a key resistance—such dense moving averages often indicate a market hesitation zone, and an effective breakout usually accompanies directional movement.

From the perspective of capital flow, there are no signs of large-scale outflows at the moment, mainly adjustments within the consolidation. The take-profit levels have been adjusted from the original 98,000 and 103,300 to 96,200 and 101,600, indicating that the analysis framework is dynamically optimized based on real-time trends rather than mechanically fixed targets.

The key point to watch is whether the price can stabilize within the $90,500 range in the coming days, and how the trading volume cooperates. The liquidity environment is indeed relatively friendly, but a technical breakout requires volume confirmation to be valid. In the short term, the focus remains on the performance within this moving average convergence zone.