Recently, the US non-farm payroll data underperformed expectations, putting some pressure on market sentiment. From a technical perspective, the price ratio between Bitcoin and Ethereum has been oscillating repeatedly, and the short-term pattern is indeed somewhat stalemated.

Specifically for Bitcoin, the price is currently repeatedly consolidating around the midline near 91,400, with significant resistance pressure above. The overall trend shows a sideways to weak characteristic, with clear signs of lack of momentum to break through.

What’s the outlook going forward? If the price cannot effectively break upward, it is likely to fall back downward to find support, with the 90,500 level being a key support point. In other words, the defensive focus below is here. At this stage, it’s important to closely monitor the tug-of-war between these two price levels.