Bitcoin's movement last night was quite interesting. Earlier, there was an attempt to break through the 90333 resistance level, but it failed to hold and pulled back. Even worse, it broke below the upper boundary of the bearish flag pattern, and now it has retracted back inside the flag for consolidation. At the same time, the neckline marked by the white arrow was also broken, forming a new low, which is a concerning signal.

What's the next move? If Bitcoin's rebound cannot create a higher high, and the lows indicated by the white arrow below also cannot hold, then 89077 is the next support level. If 89077 cannot hold, then look at 88027. On the flip side, only a rebound that breaks through the small high marked by the yellow arrow above could potentially restart the upward trend; otherwise, a correction is highly likely.

Operational suggestions are as follows: if Bitcoin breaks above 90128 with volume, consider entering long positions on the right side, with a stop-loss set accordingly; conversely, if it drops below 89426 with volume and then attempts a rebound but fails to recover, consider entering short positions on the right side.

Refining the view across different timeframes: on the hourly chart, a breakout and stabilization above 90369 points to an upward target in the 91392-92728 range. If it does not break above 90369, then there is no meaningful reference. On the 4-hour chart, if 89280 is broken downward, look at the support levels at 88395-87560.

Regarding the daily chart and the larger framework: the consolidation zone between 90799-86355 has lasted for 41 days, which is quite a long time. But it is likely building a bottom here. I give a time window: from next Monday to Wednesday, observe whether the daily chart can break through this range. If it does, that would be a reversal signal on the daily level, and two key levels are worth watching afterward. If it cannot break through in these three days, the daily chart will continue oscillating within the range, and another 41 days of sideways movement would not be surprising.

Overall, a breakout of the daily range would indicate a clear direction. After such a long period, a trend should emerge. I lean towards an upward expectation.