$BTC Bitcoin is facing downward pressure due to the unfavorable macro environment, including the collapse of the US stock markets and the strength of the safe-haven USD. In the short term, although the RSI on the hourly chart is indicating oversold conditions, any technical rebound towards $99,100 – $100,000 could be limited. If the support at $96,800 USDT is lost, a decline towards $94,000 USDT could occur.
For January, the outlook is uncertain and bearish, with risks of additional declines if global conditions persist. A sustainable recovery will depend on a break of the key resistance at $100,000 – $102,000 and an improvement in the macro environment.
BTC $BTC