Recently, Bitcoin's market performance has truly been like a "roller coaster." Dropping straight from the high of 94,415, with three consecutive bearish candles, currently holding at 91,220—unable to go up or down, the market looks a bit stiff. How should we view this wave of correction? Is it big funds shaking out weak hands, or is the bull market really about to hit the brakes?

For long-term traders watching the market, this adjustment isn't really scary. The drop from 94,415 to now is only about 3.5%, which is still quite solid from a bullish structure perspective. The real test is whether we can hold the 90,000 level—that's the key point that will determine the next move.

In recent days, Asian markets have been relatively weak, with trading volume not showing much improvement. It seems traders are waiting for a clear direction. If the European rebound stalls, there's a high chance of a dip during the US evening session, as big funds love to use Friday and weekend uncertainties to shake out weak hands. But such times can also present opportunities—don't over-interpret.

From a technical standpoint, several key support and resistance levels need close attention:

The first line of defense is at 90,800, which has seen the densest trading volume in the past 12 hours. If this level is broken, the short-term bulls will have little buffer and will face the critical 90,000 mark directly.

The most crucial zone is between 90,000 and 90,200. This area was previously a resistance level, and once broken, it will turn into support. This is the so-called "support turn resistance"—from a previous high to now a bottom support. As long as this zone holds, bulls still have room to attempt further upward movement.

In simple terms, this wave of correction is mainly a normal profit-taking adjustment and doesn't undermine the overall upward trend. The key is whether the 90,000 support can be maintained on the weekly chart, which will determine whether the market continues to rise or needs a deeper correction.