1. Market Overview

Based on the latest candlestick data, BTC's current closing price is $90,603.5 (closing price at the last point of the candlestick). Over the past 14 days, BTC has shown a clear pattern of high-level oscillation, retreating from a high of $94,444.4 and lingering in the $90,000-$92,000 range for an extended period. During this time, the lowest dip was $86,655.1, and the highest surged to $94,789.1. Overall daily trading volume has fluctuated significantly, with recent signs of volume contraction; the latest daily volume is only 56.31 BTC, a two-week low, reflecting short-term capital hesitation. In the past 48 hours, hourly candlesticks show BTC oscillating at high levels—price has repeatedly surged above $91,000 but quickly retreated, with lows around $90,113.9 and highs not exceeding $92,082.5. Volume briefly spiked during local fluctuations but then stabilized. Overall, the market shows a clear tug-of-war between bulls and bears in the short term, with bulls defending the key level of $90,800 strongly, while bears suppress rebounds at high pressure. Market sentiment, as analyzed by experts and mainstream news, emphasizes the repeated struggle for support and resistance in the $90,000-$92,000 range, with mainstream funds entering cautiously. Currently, no major new policies have been introduced; macro environment influences mainly stem from ETF and digital asset policy trends in the US, South Korea, and other regions.

2. Technical Analysis
Support and Resistance:
Based on the 14-day daily candlestick, BTC's current range support is clearly concentrated around $90,000-$90,800 (the 14-day low has consistently been defended). A stronger support zone below is $87,500-$88,400, with lows touching this area multiple times without breaking below. On the resistance side, the obvious central resistance is at $92,800-$94,000, with the recent ten-day high repeatedly facing resistance here and retreating. Trend Structure:
The 14-day candlestick shows that after retreating from the highest point, BTC's price gradually shifted downward, forming a phase of high-level sideways movement followed by a correction. MACD and RSI data are "not provided" in the input, but from price-volume analysis, short-term momentum is gradually diminishing, with clear signs of volume contraction and consolidation. Within 48 hours, hourly candlesticks show BTC attempting to surge (e.g., at $92,082.5, $91,680.4), but all are quickly reversed, indicating strong selling pressure at high levels and poor short-term rebound sustainability. Volume Analysis:
The highest daily volume in two weeks was 19,778.7 BTC, with the lowest dropping to the recent 56.31 BTC. Hourly volume spikes during surges (such as between 21:00 and 23:00) and then falls during consolidation, with liquidity tightening causing sharp short-term fluctuations, suggesting frequent short-term capital inflows and outflows, mainly observing market sentiment.

3. News and Policy Interpretation
Recently, both positive and negative news related to BTC have been covered. South Korea plans to promote spot ETFs, and the US Supreme Court's tariff ruling has been delayed, effectively easing market panic. BTC price quickly rebounded to $92,000 but then retreated, showing that policy expectations directly influence market sentiment. Meanwhile, multiple mainstream analysis reports indicate that BTC has been consolidating at high levels for nearly 50 days, structurally similar to previous phases, with a tug-of-war situation. ETF fund outflows and large on-chain capital inflows are occurring simultaneously, indicating clear institutional disagreement; no extreme one-sided capital flow has emerged. In terms of policies, there have been no significant new policy announcements in the past 24 hours, past week, or past month. The overall policy environment is stabilizing, with short-term positive drivers mainly from market expectations and localized capital movements.

4. Analyst Opinions
From "Crypto Peng," analysis: "BTC's short-term closing is at the limit, reclaiming above the key level of 90800. Next, focus on whether it can hold this over the weekend. This includes the weekly K being above 90800; otherwise, the POC at 87500 mentioned yesterday could be tested. 90800 will be a critical dividing line, so pay close attention..." This view clearly sets $90,800 as the boundary between bulls and bears, highly consistent with current candlestick data. The latest close is exactly at $90,603.5, approaching this key dividing line, indicating strong support in this area. The "Three Horse Brothers Contract Member Group" repeatedly emphasizes "BTC long positions are forcibly liquidated below $60,000, with 89888 at 100x leverage and 2% margin, then 88388 at 100x leverage and 3% margin, stop-loss at 91588-92800-94000, with a stop at 87500," with zone operations tightly aligned with real candlestick ranges (e.g., take profit at 92800-94000, stop-loss at 87500). Current analyst understanding aligns closely with actual market performance, with consensus on defending $90,800 and supporting the extreme support at $87,500-$88,400, with no significant divergence from actual candlestick trends.

5. Future Trend Prediction and Recommendations
Based on the above technical, sentiment, and news analysis, it is highly probable that BTC will continue to oscillate within the $90,000-$90,800 consolidation range in the short term. Key supports are at $90,000 and $87,500; a breakdown warrants caution for further momentum release. The resistance zone at $92,800-$94,000 remains dense; if unable to break through effectively in the short term, expect continued oscillation. A volume breakout could target the previous high of $94,789.1. Conservative traders may consider buying on dips near $90,800, with strict stop-loss if broken, aiming for $92,800. Caution is advised against chasing high at current levels, as resistance remains; consider partial profit-taking near $94,000. In extreme cases, monitor the $87,500 support as a second line of defense.

6. Risk Warning
Currently, BTC shows a clear pattern of high-level oscillation and low-volume consolidation, with tight price ranges. However, a break below the lower boundary or a successful breakout above the upper boundary could trigger sharp unilateral volatility. Investors should be alert to the loss of support at $90,000-$90,800, with $87,500 as a critical stop-loss zone; failure to hold could lead to further missed opportunities. It is recommended to keep positions small and flexible, strictly implement stop-loss, and monitor volume changes as market signals. Avoid blindly chasing or selling in panic. Overall, BTC has not yet exited the consolidation phase; capital battles are intense, and any breakout requires confirmation from volume and news. Caution remains paramount.