Bitcoin is struggling to break above $100K. 📉

- On the daily chart, the $90K support area is holding the market, while the $100K resistance has not been breached again. This could lead to a deeper drop towards $80K.

- On the 4-hour chart, the downside breakout of the ascending channel signals a short-term drop to $90K and below.

- On-chain analysis shows that the selling pressure from long-term investors is not yet sufficient. This suggests that the price may recover in the coming weeks. 🚀