Bitcoin has been moving back and forth at high levels over the past couple of days, with the price hovering around $89,460. Many people are worried that it might be about to crash, but based on the market action, I think it's more like the bull market is just taking a breather, not showing signs of a major top collapsing.

There are a few key price levels to watch: first, the $93K to $94K area, which was previously a resistance zone. If BTC can reclaim and hold above this range, the bulls might have enough confidence to launch a new round of upward momentum.

Another critical level is $86K, which is basically the short-term lifeline. If it really breaks below this point, there's a high probability it will continue to test the $83K to $85K range. So in the next few days, whether or not it can hold the $86K support will be pretty crucial.

Overall, this is just a consolidation phase right now, and the direction isn't fully clear yet, but I don't think the overall bull market structure has changed.