$BTC trading around ~$90.4K — down modestly on the day.
Intraday range: roughly $89.6K – $92.6K.
24-hour trend shows a slight pullback (~2% down) amid broader market weakness.
📉 Short-Term Price Action
After an earlier bounce attempt above $92K, $BTC failed to sustain gains and drifted lower.
This price reflects risk-off sentiment as tech stocks and cryptos sold off together.
📊 Market Drivers Right Now
Bearish / Pressures:
Tech and AI stock weakness spilling into cryptos, hurting $BTC sentiment.
Rejection near resistance levels keeps traders cautious.
Some analysts highlight short-term liquidation pressure when key levels break.
Neutral / Mixed Signals:
Ongoing macro uncertainty (Fed policy, earnings) still dominating markets.
Moves from dormant wallets (e.g., Silk Road BTC movements) can trigger narrative swings but not huge volume yet.
Longer-Term Context
BTC remains well below its October highs (~$126K) and showing a wider monthly decline.
Institutional conversations (e.g., index inclusions/exclusions, forecasts) continue to influence sentiment beyond price charts.#BinanceBlockchainWeek #CPIWatch #WriteToEarnUpgrade
