🟡After retreating from its all-time high, Bitcoin has entered a sustained bearish phase, breaking below its ascending channel and the critical $100,000 threshold. Selling pressure is being amplified by macroeconomic uncertainty, a strengthening U.S. dollar, and heightened panic sentiment reflected in “extreme fear” indicators. Although local support near $83,000 remains intact, the broader structure is still dominated by downside momentum.
🟡Technical indicators reinforce this weakness: RSI continues to hover in oversold territory, while MACD signals a potential continuation of the downtrend. Meanwhile, subdued trading volumes suggest large players are adopting a wait-and-see approach. Under these conditions, a consolidation phase in the $83,000–$95,000 range appears most likely, with a sustained recovery dependent on the emergence of new catalysts and an improved macro backdrop.