$BTC Major Updates:

Bitcoin has been in a downtrend since reaching its all-time high of $109k, and following the inauguration of President Trump, it has been in a prolonged bearish consolidation. Volume has decreased, and it seems poised for a sharp decline in the coming days. The chart shows a Bearish Diamond pattern forming, which suggests further downside potential.

On the 1-hour chart, Bitcoin is moving within a falling wedge, which is also bearish in this context. Looking at the daily chart, the closing of the day isn't promising either. It seems that from Thursday onward, Bitcoin might begin its proper bearish movement.

Currently, there are no signs of an upward breakout for Bitcoin to reach new highs. A correction to $92k may be necessary before any potential rally.

Be cautious when making trades in the coming days, particularly if you're considering long positions. Trade safely!