Looking at this trend, Bitcoin is bound to fall.

First, let's talk about the technical aspects. The current price is $91,383, having failed to break through the 91,500 level after three attempts. On the 4-hour MACD, the red histogram is shrinking, RSI is only at 58 and shows no strength, and the upper Bollinger Band is pressing down hard. Based on probability, the price is likely to retrace and find support at the middle band, around 90,500.

What's more dangerous is the liquidation scenario. The range from 91,500 to 92,000 is packed with positions—over $300 million in leveraged long positions clustered there. If the price suddenly surges, it could trigger a long squeeze, leading to a flash crash. But on the other hand, the downside isn't without support—buy wall orders on the three major exchanges between 90,000 and 90,500 are quite substantial, so breaking below 90,000 completely isn't easy.

The funding situation is even more concerning. Liquidity is thin over the weekend, and US spot ETFs have drained out $420 million over the past 7 days, with institutional investors continuously withdrawing. By Sunday night, European and American traders haven't fully come back to work, and market depth is very shallow—just one large order can turn the tide. The fear and greed index is at 25, in extreme fear, which usually isn't a sign of a bottom.