Bitcoin is currently correcting within an upward channel, and it is being traded below the 21-day moving average, after facing clear rejection from the upper resistance trend of the channel. In contrast, the 50-day moving average is forming strong support above the lower support line of the channel.
There is a near consensus among analysts that the 93000 - 92000 area is considered an important technical support for the current correction, and if it is broken, we could see additional downward pressure.
But as long as the upward channel maintains itself, the overall trend remains positive, and the key is in the clear break or breakout.
Watch carefully, the next decision will be crucial