The price of Bitcoin fell below $90,000 in today's early Asian market, then rebounded somewhat. As of now, the price is still struggling to hold the $90,000 level.

This week, the focus is on the Federal Reserve's (FOMC) interest rate decision to be announced on Wednesday. Historical data shows that in the 7 FOMC meetings held this year, Bitcoin only recorded a rise once after the meetings.

Technical Aspects

After rebounding from the $80,000 range, some technical indicators (such as the 14-day RSI) have risen from the oversold zone, indicating active buying in the short term. Order book data shows significant buy orders clustering around $89,400, which may form short-term support. Recent sharp adjustments may have overly reflected pessimistic sentiment, and the market leverage is not high, providing space for subsequent rebounds.

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Bitcoin: 90,000-89,500, target 90,800-93,200 Stop loss 89,000