#BTC Intraday Analysis
1️⃣ Structural interpretation indicates a technical correction after the bullish realization, currently testing around 89,500. Once broken downward, it could head straight to around 85,000.
2️⃣ Macro tone of capital flow, on-chain, and exchange dynamics: The Federal Reserve's rate cut has been fully priced in, with Chair Powell's remarks on future policy paths becoming the new focus. Any "hawkish" hints (such as cautiousness on further rate cuts) may suppress risk assets. On-chain support: Supply side continues to tighten, with over 403,000 BTC leaving exchanges this we