Bitcoin remains in a mid-term high-level consolidation and pullback context (weekly candlestick has a long upper and lower shadow), daily is in a recovery state, and the 4-hour chart is trapped within the 89400—90200 range, oscillating back and forth. When it drops, there are buyers; when it rebounds, there are sellers. Funds seem to be engaging in short-term high selling and low buying rather than driving the trend. The most important intra-day resistance point is around 90300-90500. Although there was a spike to 90900 last night, the hourly chart did not stabilize, so it is not considered a valid breakout above 90500. The key support level is at 90000 (today's watershed). Therefore, the intra-day approach is to treat it as oscillation, and wait for the 1-hour close at 90000 to determine the next direction.