This week's daily Bitcoin chart is quite interesting. It has been fluctuating mainly between 86,000 and 90,000, with each attempt to break above 90,000 failing to hold steady. This indicates that the 90,000 level indeed has significant resistance.

From the trend, multiple attempts by the bulls to break through have ended in failure. This repeated setback is a clear signal—don't rush to chase the highs in the short term. Be especially cautious about impulsive buying near the 90,000 mark. Many people get trapped at this level, either forced to cut losses or to hold long-term positions, which can be quite uncomfortable.

Next, it still depends on whether this range can be effectively broken. Otherwise, the sideways consolidation may continue. Traders should be patient and not be fooled by short-term fluctuations.