$BTC Daily Outlook: 📉 Bearish Continuation

Trend Analysis: The bearish continuation pattern indicates the market is likely to head lower in the short term.

Key Support:

Daily Support: Around $94,000. This suggests significant buying interest might emerge near this level, providing a possible temporary floor.

Market Sentiment:

Fear & FUD are dominating, often a result of macroeconomic factors like uncertainty around FED rate decisions. This kind of sentiment can suppress bullish activity.

Trading Advice:

Avoid Long Positions: Your recommendation to avoid long positions is solid, especially in such volatile and fear-driven conditions. Markets like this tend to fake out traders and move unpredictably.

Key Focus Points:

Watch for breaking news or announcements from the FED, as they can dramatically influence market directions.

Monitor the 94k support level; a strong bounce might indicate a reversal, but a break below could accelerate selling pressure.

Volatility Preparation: If you're shorting or hedging, ensure proper risk management and consider using tight stop-loss orders.

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