Just checking the BTC chart and again the same story. The king of cryptocurrencies can't stay above $90k. Yesterday around 5 a.m. UTC it touched $90.2k, but that was weak. By midday, selling pressure intensified and everything went down. Now it's trading around $86.8k — a nearly 4% drop from the daily high. I see a series of large red candles that absorbed all of yesterday's gains.

This is already the third or fourth false breakout this month. At the beginning of December, the bulls managed to break $90k and even touch $93k, but they couldn't hold it. A week later, another attempt, this time to $93-94k, but again the same selling pressure. Now every rebound lacks volume. It looks like the buyers have already tired out.

Trader friends say that the chance of returning to $95k this year is now only a few percent. Honestly, the market structure looks weak. The bulls lack the strength to change anything in this situation.