Early this morning, the price of Bitcoin fell below the key psychological level of $91,000, with a daily decline reaching as much as 1.87%. Although there was a technical rebound afterward, the decline narrowed to about 1.2%, with prices hovering around $92,300. This volatility has undoubtedly sounded the alarm for the market.
After several weeks of significant rebound from a low of $80,000, Bitcoin has failed to establish a solid position above $94,000, instead revealing signs of fatigue once again. Currently, the market is at a critical crossroads defined by a macroeconomic storm, a fragile technical structure, and conflicting bullish and bearish expectations.
