BTC is hovering near its previous support and resistance zones (approximately 89-90K).

For the bulls, it is crucial to maintain this support going forward.

We have just experienced the largest pullback in this cycle, driven by significant spot selling and panic stemming from the end of the four-year cycle.

Currently, this price range seems to have some demand. We can continue to monitor these high time frame areas to observe the price reaction.

At present, the daily downtrend has clearly stalled, and the low to mid time frames are attempting to revert to a bullish market structure.

However, to fully confirm this, we need to see the price break through 94K.