BTC's recent performance on the hourly chart looks weak—three consecutive bearish candles, with the price hugging the lower Bollinger Band. It’s a bit ugly. But there’s an interesting point: during the session, the price once broke below the lower Bollinger Band but failed to stabilize and was pulled back. This kind of move is usually a "false breakout" or a test of the market, mainly aimed at clearing out panic sell orders and does not necessarily indicate a trend reversal.

Looking at history, the 90500 level is not the first time it has served as support; it has been proven multiple times as a rebound point. This area has accumulated considerable psychological consensus and is technically solid, serving as a defensive line in the current pattern. As long as the price stays above this zone without breaking down, there’s still a possibility for market buy orders to gather again, and the space for a rebound naturally opens up.