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BTC has attempted to break through the 92000 level multiple times in the short term, but each time it has been met with resistance and fallen back. This key price level has clearly become a daunting barrier to overcome, visually confirming the strength of the selling pressure above.
From the hourly chart perspective, the short-term rebound has not yet reached the upper track before entering a continuous decline mode, revealing the weakness of the rebound momentum. Meanwhile, both MACD and KDJ are showing a standard bearish arrangement, and the technical resonance releases a clear bearish signal, indicating a strong continuation of the bearish dominance in the short term.
BTC suggests to sell around 91800 and 92600, target looking at 89000, break point looking at 88000 and 87000.