Bitcoin enters a critical moment in December. Although the end of the year is usually expected to bring a rebound, recent trends have not been so favorable—over the past 24 hours, BTC briefly surged to $89,201 but has consistently faced resistance near $90,000. The price has been oscillating within the range of $87,121 to $89,201, with short-term support levels approaching the daily lows.

Can this level hold? Honestly, it's hard to say. If it breaks below this level, it could directly test support at $87,000 or even lower. The current rally data is also not very optimistic—only a 1.4% increase in the past 24 hours, the same 1.4% over the past 7 days, and just 1.9% over 14 days. Compared to the explosive rises during historical bull markets, the current pace is indeed sluggish.

Interestingly, traditional assets like gold and silver have performed even more strongly during the same period, prompting investors to wonder: can Bitcoin turn around in the year-end market? From a technical perspective, Bitcoin is currently in a gradually narrowing range of consolidation, with the price slightly above the 20-day moving average. This pattern could either signal a rebound opportunity or be the eve of further decline. Short-term weakness doesn't mean there's no chance, but it's crucial to keep an eye on that key support line.