$BTC is currently testing support levels around $90,000 to $91,000. If this support does not hold, there's a risk of further decline towards $85,000, indicating that the market could see more downward movement if these levels fail to provide stability.
Technical Patterns:
The formation of a bearish continuation candle and the testing of support within a rising broadening wedge pattern are signs of continued downward pressure. This pattern suggests that sellers are maintaining control over the market's direction.
Overall, these factors contribute to the bearish market analysis for Bitcoin today, reflecting a market where selling pressure is dominant, and technical indicators are signaling further potential declines unless new buying support emerges.
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