#美SEC促进加密资产创新监管框架 Bitcoin's recent price action is dragging on so much it's making people question life. Wasn't this supposed to be a consolidation phase? It's taking way too long.

That downward wick in the early morning was spot on, stopping right around 90,600 before quickly rebounding. Right now, it's still oscillating within the flag pattern, and the key is whether it can hold above 92,650—that’s the threshold for a continued rebound, with the target directly at the upper edge around 94,300. Can't break through? Then don't get your hopes up.

On the flip side, if it retests and breaks below the lower edge of the flag, it's very likely to test that early morning low of 90,800, potentially forming a double bottom before looking for another move up.

But if the 90,800 support doesn't hold and gets decisively broken, then the bulls' hopes are completely dashed, and a deeper correction will start—the higher you climb, the harder you fall.

Simply put, 90,800 is the dividing line. If there’s another chance to test it, you might consider going long.

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