The daily candlestick pattern of Bitcoin shows alternating single bearish and bullish candles without continuation. Although the price is at a low level, the current decline lacks momentum. The weekly chart still shows obvious resistance, but the daily Bollinger Bands are narrowing and flattening, indicating a consolidation trend.

On the hourly chart, yesterday’s intraday rise was capped near the 92,300 area. During the US session, the price declined and reached a low near the 89,500 area. In the early morning, there was a rebound correction to around 91,300, which faced resistance again. The current candlestick pattern shows consecutive bearish candles, and the attached indicator shows a bearish crossover trending downward.

Short positions can be opened around the current price of 90,350, with a stop loss near 90,900 and a target at 89,000. If it breaks below this level, look for the 88,500 area! #美联储降息预测 $BTC