#Bitcoin breaks support level, may decline.#

Recently, the price of Bitcoin has been continuously declining, raising market concerns. Kim Kramer Larsson, an analyst at Saxo Bank, pointed out that if Bitcoin breaks below the $90,690 support level, it could face a more significant decline. He believes that Bitcoin is forming a "head and shoulders pattern," a technical analysis chart pattern that signals a reversal from an uptrend to a downtrend. If it breaks below the $90,680 support level, Bitcoin could fall to $73,000. Other analysts have expressed similar views, believing that Bitcoin could lose major support levels and plummet. They pointed out that Bitcoin's price has fallen by 3.9%, down about 13.2% from its all-time high, and the current situation is not optimistic. Although Bitcoin rose by 2.6% on Friday, the market generally believes that this is just a temporary rebound and cannot change the overall downward trend. Therefore, investors need to closely monitor the price trend of Bitcoin and be prepared to manage risks.