Bitcoin has recently shown an overall downward trend, with the current price around 89,630 USDT, a decline of -3.57% in the past 24 hours. Technical indicators suggest that the bullish and bearish forces are shifting towards a bearish outlook, with the downside risk significantly increasing. However, some indicators are approaching oversold levels, indicating the possibility of a short-term technical rebound.

Key Data:
- Current Price: 89,630 USDT
- 24-Hour High/Low: 93,342.90 USDT / 89,422.40 USDT
- Intraday Decline: -3.57%
- Key Support Level: approximately 89,422 USDT
- RSI (1-hour): 18.0, continuously oversold
- Trading Volume: declining in both price and volume, short-term selling pressure is heavy

Professional Analysis:
Market sentiment is affected by macro funds seeking safe havens. BTC has been declining over the past two days, repeatedly touching support zones. Technical analysis on the 1-hour and 15-minute charts shows a bearish moving average alignment and a MACD death cross, indicating weakening momentum. However, RSI and KDJ are both deeply oversold, increasing the likelihood of a short-term rebound. If support levels are broken, further downside cannot be ruled out.

Regarding public opinion and hot topics, some institutions (such as insurance products and ETF allocations) are bullish for the long term, but overall short-term news remains bearish. The Fear and Greed Index is currently at 32 (indicating "fear"), showing reduced market risk appetite.

Recommendations:
- For short-term trading, focus on the support around 89,422 USDT, consider quick long positions to catch rebounds but be sure to set stop-loss orders.
- For medium to long-term, it is advisable to wait patiently for clearer directional signals and avoid blindly chasing gains or losses.
- Those who prefer shorting can consider light positions after rebounds encounter resistance, but heavy shorting is not recommended. #BTC #ETH