Bitcoin, after reaching a historic high of $126,000 in October 2025, has recently entered a sustained correction phase. Yesterday's rebound attempted to restart the upward momentum but ultimately failed to break through the previous key resistance. Today, the market continues to weaken, further establishing the correction pattern. From a technical perspective, the divergence between bulls and bears is becoming increasingly apparent. Whether the short-term trend can continue upward depends critically on whether several core support levels can hold.

Looking at the four-hour candlestick chart, Bitcoin currently exhibits an ascending flag pattern, which often indicates that the rebound is entering a deceleration phase. Although the MACD still shows a bullish alignment, the momentum is clearly waning, lacking the previous unstoppable feeling. The RSI indicator is more direct—turning downward from the overbought zone, clearly reflecting that the short-term rebound strength is loosening.

This wave of rebound started from the low point in December 2025. In terms of magnitude, it indeed exceeds similar historical patterns. However, the problem is that we are now approaching a critical resistance zone. From a time cycle perspective, the rebound window is also about to close. This dual pressure of time and space suggests that the market may face significant correction pressure in the near future.

The key support level is at the 94,000 USD neckline. This not only marks the upper boundary of the previous consolidation range but also serves as the neckline support of the current ascending flag pattern, coinciding with the upward trendline, forming multiple technical resonances. The significance of the 94,000 USD level is substantial: if it can hold, the market may continue to oscillate upward; but if the daily close falls below 93,500 USD, this effective breakdown threshold, the rebound trend will essentially end, likely triggering a deeper correction.

The secondary support is set around 91,000 USD. The establishment of these two support levels provides traders with a risk management reference framework.