Tuesday $BTC Market Analysis

Bitcoin is currently at an extremely sensitive technical level. 90,000 is not only a psychological round-number barrier, but has also become the short-term dividing line between bulls and bears.

The 90,000 level has been repeatedly tested. The breakout in the early morning and the subsequent pullback indicate significant disagreement at this point. If the price can remain steady above 90,000, there is hope for buying momentum to gather and test higher levels.

The next resistance zone is in the 93,000-94,000 range. Conversely, if there is an effective breakdown below 90,000, market sentiment could quickly deteriorate, leading to a downward test of the strong support area at 88,000-89,000.

The 4-hour chart shows that after a period of wide fluctuations, the price has temporarily stabilized. However, before the outcome of macro events is clear, the effectiveness of any technical patterns is greatly diminished. Trading volume has not increased significantly during the rebound, suggesting that the current rise is more driven by short covering or cautious buying rather than strong trend-driven bullish entry.

In such a time when macro factors completely dominate, any prediction based purely on technical analysis seems weak. Jincheng’s most important advice for everyone: manage your positions, control your risks, and maintain a sense of caution. $ETH #美联储降息预测