Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The Federal Reserve’s expectations of a rate cut in December have not yet been translated into actual actions, and liquidity conditions are not conducive to risk assets. Despite the more dovish tone from some Fed members, inflows into the cryptocurrency market remain weak.
Data shows that funds continue to exit and traders tend to take a defensive stance, which is weakening Bitcoin’s ability to regain upward momentum for now.
Technically, the H4 chart clearly reveals a downward path through successive higher highs and lower lows. The red FVG area above the price also indicates the intensity of the selling, and the volume distribution reflects distribution rather than accumulation.
Based on this compatibility between technical and economic factors, the most likely scenario remains bearish. The $86,000 level is an important support and a break above it could push the price towards $84,000.
