安迪Andy5984

BTC pulled back this time from around 87,000. In the short term, the move really has weakened. On top of that, with U.S. and Japanese Treasury yields rising together, concerns about funding costs and the possibility of further rate hikes are also intensifying.
My view is: in the short term there’s still downside pullback pressure, but the repair structure on the daily and weekly charts is still intact for now. Next, whether it can hold support matters more than guessing whether it will go up or down immediately.
First, let’s talk about the hourly chart.
The price has already fallen below the short-term moving averages, and the RSI is back around 35. During the main drop last night, selling volume clearly increased; however, the rebound afterwards didn’t come with enough volume. That suggests the buying interest is not strong enough at the moment.