#美SEC推动加密创新监管 Bitcoin is currently caught in a range-bound battle, with the price repeatedly oscillating around the high range of 90700. Both bulls and bears are holding their ground, and neither side dares to take action.

Last night's sharp drop was fierce — plummeting straight from 93000 to 90100. Although the 3000-point decline was drastic, it was not unexpected. This kind of pullback had actually shown signs early on, as market sentiment needed to release space after accumulating at high levels.

From the daily perspective, the price has been running below the upper Bollinger Band of 93500. Although the pullback has been significant, the overall upward framework remains solid. The pullback from the previous high is a normal technical correction and has not shaken the foundation of the trend.

The signals on the four-hour level are more subtle: the Bollinger Bands are gradually converging, and the price is testing the support strength near the mid-band at 90100. This position is quite critical - if it holds, there is still room for upward expansion; if it breaks, the support level at 89000 will become the next battleground.

Operational strategy: consider laying out long positions in the 89500-90000 range, with the target first looking at the resistance around 91500-92000. $BTC $ETH $BNB