$BTC Strange, the analysis shows a bearish trend, while the scanner shows a bullish one. Apparently, the spot is leaving, remaining is the leverage, meaning perp is ahead.
$BTC The key level 89,890 has been broken, which invalidated the diagonal and fundamentally changes the layout, we will update after the Fed's rate decision after 22:00 Moscow time.
The meeting with the 20th week should provide a halt to the upward trend, which can currently be marked as wave 3 or C. Let's see how the structure develops during the correction in wave 4, around the 38-50 level.
$BTC Market analysis report for BTC/USD for 1 hour Based on CoinAnk market data Current price: 89092.50 USDT Change over 24 hours: +0.501% Key support: 88676.70 USDT (S2) Key resistance: 89509.50 USDT (R1) Current trend: Bullish consolidation Detailed analysis: Overview of technical indicators: Moving average system: Bullish trend (MA5=89294.20, MA10=89070.14, MA20=88505.91), although the price is currently testing the MA5 support. The 120-period moving average at 88662.30 provides additional confluence with support S2.
There is a possibility of further decline, I don't see any upward entry point for now, but from the test of the 20-week bounce or reversal should already be expected.