Starting yesterday morning, Bitcoin has been oscillating downwards on an hourly basis. After a sharp drop before the US stock market opened, it began to rebound, reaching a low of 93377 (Binance spot price).

From the trend perspective, the low point was 500 dollars away from the 8-hour EMA52 line, which can be considered a proper pullback. Next, it is expected to rebound on the 8-hour scale; currently, the hourly trend remains strong.

On the daily chart, there is a bullish candle with a lower shadow, which engulfs the losses from the previous few days. The trading volume is slightly lower than yesterday, roughly remaining flat, which can only be considered normal trading volume and not an increase.

The price is expected to continue pushing towards the 99000-100000 range. It is important to note that the Federal Reserve will announce a new interest rate decision at 2 AM tomorrow, which could lead to significant price fluctuations in the short term. The pressure in the 99000-100000 range is considerable. Without an interest rate cut expectation and a large accumulation of funds pushing the price up, there is a high likelihood of a false breakout here, leading to a pullback on the daily chart.

The daily resistance levels are 99700-102044, and the support levels are 92840-91550-89000.