Analysis of the Morning of the 23rd

From an hourly perspective, Bitcoin encountered rapid resistance when touching the 90,000 USD integer level, with a surge of selling pressure, indicating that this level is not easily broken through. The possibility of a short-term breakout remains low.

Switching to the four-hour chart, the overall structure is clearer—price remains within a well-defined consolidation range, with clear upper and lower boundaries. Currently, the price has reached the key resistance zone at the upper boundary of the range, and upward space is significantly constrained. It is not advisable to be overly optimistic about a rebound. Trading volume is gradually decreasing, with buying momentum continuously weakening. The current rebound is more of a technical correction.

On the news front, US initial jobless claims are reported at 192,000, significantly lower than the expected 210,000; meanwhile, the Q3 GDP final figure confirms a high growth rate of 4.3%. These data reinforce expectations that the Federal Reserve will maintain high interest rates for an extended period. The macro environment has shifted, and market risk appetite is noticeably suppressed.

In summary, the technical structure is under pressure, momentum is insufficient, and the macro outlook has weakened—short-term rebounds are unlikely to reverse the overall bearish trend.
Trading Suggestions
Short at around 90,000-90,500, with targets at 88,800-88,000; if broken, continue to look at 87,000.