Bitcoin is under increasing pressure with the emergence of a short-term downward trend.
After failing to hold above the $94,000 area, Bitcoin has moved towards a clear correction, retreating to the demand zone of $88,500 - $89,000 after breaking the last FVG area. This move reflects that buyers are still present, but their strength is not enough to change the current structure. A lower high and a new low confirm the beginning of a short-term downtrend, while the red Ichimoku cloud forms a strong resistance density between $90,500 and $92,000.
Buying volumes appear significantly weaker than selling, indicating seller dominance. On the economic level, the rise in the dollar index and U.S. bond yields increases pressure on digital assets. Additionally, the anticipation of NFP and PCE data drives traders to caution, a period in which we often see Bitcoin exhibit a slight downturn before major news releases.
