Bitcoin continues to receive strong support around the $90K level, resulting in a slight recovery. However, the current upward momentum is not enough to trigger a new rally to record highs, indicating the possibility of accumulation in this area in the short term.

- **Technical Analysis**: On the daily chart, Bitcoin has found strong support at the $90K range, indicating the presence of buyers. Although there is a slight increase in buying pressure, the current momentum remains weak.

- **4-Hour Chart**: The $90K support level plays a crucial role in preventing downward pressure. The recent inverse head and shoulders pattern could signal a bullish recovery.

- **On-chain Analysis**: The Coinbase Premium index shows renewed interest from American investors, which could drive a price increase if this trend continues. 📈

Source: TradingView, CryptoQuant