The price of Bitcoin could not continue to rise, remaining below the resistance level of $100K. 🤔 This raises uncertainty regarding future price movements.
On the daily chart, it can be seen that the price is consolidating below $100K after a brief breakout upwards. Currently, $90K acts as potential support in the short term.
On the 4-hour chart, the market shows a downward movement, with the RSI below 50%, indicating a bearish trend. 📉
The Bitcoin futures market is demonstrating high open interest, which may lead to volatility due to liquidation cascades. Investors should be cautious.
