$BTC The rebound encounters multiple pressures, and is a new round of decline coming after the interest rate cut?

First, setting aside Powell's dovish remarks from the early morning and other favorable factors, based solely on the existing data, K-line trends, and the volume situation of both bulls and bears, it seems that Bitcoin's rebound to 94,500 is likely the peak. Once the news of the interest rate cut is announced, Bitcoin is highly likely to start a new round of decline.

Why do I say this? First, the price has risen to the first axis position of the descending channel, and there is considerable pressure at this level, making it difficult to break through upwards.

Secondly, looking at the order book, the amount of sell orders has reached 120 million USD, and the signs of selling are too obvious, as everyone is thinking of unloading at this position.

Furthermore, the net inflow of ETFs yesterday was only 150 million, which is not enough to be significant. Therefore, considering all these factors, I believe the possibility of Bitcoin declining next is very high.

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