Bitcoin price has failed to sustain its bullish momentum since it fell below the $100K resistance. This has created uncertainty about future price action. 📉

On the daily chart, the price is consolidating below the $100K level and is targeting the $90K support level in the short term. The reaction to this level will determine the short-term price action.

Open interest in the Bitcoin futures market is at an all-time high. This indicates potential volatility in the short term. Traders should be careful. ⚠️