$BTC From the four-hour chart, the current price of Bitcoin is 89309.0, down 2798.4 points (-3.04%) from the previous cycle, showing a pattern of pullback breakdown + strengthening bearish momentum:

The current price has effectively broken below the lower Bollinger Band, moving away from the previous consolidation range; the K-line shows a "three black crows" pattern, combined with the MACD death cross divergence, indicating a prevailing short-term bearish momentum. After the Bollinger Bands have contracted, they are now diverging downwards, with the current price breaking through the lower band to 89309, indicating a shift in short-term trend from consolidation to weakness; the upper band presents strong resistance, while the middle band is a key resistance level for rebounds.

The DIF and DEA have formed a death cross at high levels and continue to expand downwards, with bearish momentum persisting and no reversal signals at this time. If it falls to the 89000 level, we can look towards the previous low of 87976$ETH .