Bitcoin is currently trading around $88,600-$96,200 showing consolidation in the high $80K range after recent volatility.

Current Situation:

Price struggling near $90K resistance

Down from recent highs above $100K

Market showing cautious positioning ahead of year-end holidays.

Institutional demand has cooled temporarily

Key Levels:

Support: $87,000-$88,000

Resistance: $90,000-$92,000

Technical Setup:

Traders spotting continuation patterns on 4-hour charts, indicating potential for further movement. Volume remains moderate during holiday period.

Market Sentiment:

Risk sentiment improving with Fed rate cut expectations

Year-end positioning creating range-bound action

Gold hitting records shows macro uncertainty

Outlook:

Short-term consolidation likely between $87K-$92K. Break above $92K could target $95K+. Holiday thin liquidity may amplify moves. Watch for volume return post-holidays for clearer direction.$BTC #USGDPUpdate #BTCVSGOLD #GoldPriceRecordHigh