Weekend Consolidation

BTC closed with upper and lower shadow bearish candles in the morning, marking three consecutive daily declines.

Both the high and low points of BTC are decreasing, with no volume on the rise; a U-shaped top has appeared on the 4H chart—will it lead to a proportional pullback? Tonight's evening session may start showing liquidity fluctuations that will provide answers;

The only condition for going long is to break through the resistance at 89447 to continue moving upward and form a rebound; otherwise, the outlook remains bearish. The market is calm and waiting for observation; currently, the only positive news is the Federal Reserve's interest rate meeting on the 11th, which will determine whether to cut rates by 25 basis points in December.