Bitcoin has been performing quite interestingly around the 90,000 price level recently. Yesterday's view was that there might be a rebound here, and the price tested it three times, closing above 90,000 each time. It seems this support level really carries some weight.

The current situation is as follows: if you're going long near 90,000, you can set your stop-loss at the entry price or the low point from yesterday, which ensures a sufficient risk-reward ratio to continue bullish. The key is that Bitcoin must not fall below 90,000 again; if it does, the problem becomes significant because there are no strong support levels below. 86,500 is considered a support, but it's not a good opportunity for longs; you should wait until around 83,700 before considering it.

In simple terms: if 90,000 can hold, the bulls still have a chance; once it breaks, everything is different.