*Bitcoin$BTC Market Snapshot
The BTC/USDT pair on Binance is hovering around *$90,540* (± $0.14 % 24‑h change) with a market‑cap of *$1.80 trillion* . ¹ ² The daily chart shows a tight range between *$87,900 – $90,965*, a classic “sideways chop” that analysts are calling a consolidation after the October‑2025 all‑time high of *$126,173* . ³
*Key points*
- *Support & resistance:* Strong support sits near *$80‑$81k*; immediate resistance is the $90‑$94k band, with the 50‑day SMA at *$98,327* still above price, indicating a bearish short‑term bias . ⁴
- *Sentiment:* The Fear & Greed Index is at *29 (Fear)*, and most technical indicators (RSI ≈ 50, SMA signals “SELL”) point to a neutral‑to‑bearish outlook .
- *ETF flow:* US spot Bitcoin ETFs have seen modest net inflows (≈ $22 billion YTD) but recent outflows have trimmed AUM, keeping the market volatile .
- *Elliott‑wave view:* Some analysts see the current move as the final leg (Z) of a corrective pattern, targeting the *$80,842* zone before any bullish reversal .
- The upcoming Fed rate decision (expected 25 bps cut) could inject short‑term liquidity, potentially nudging BTC toward the upper resistance zone.
- A break above *$94k* would confirm a bullish reversal; a drop below *$80k* would signal a deeper correction.#CryptoRally #CryptoIntegration
