$BTC 92.000$ jssj I took a position for this price. Are you ready?

Bitcoin $BTC

is currently trading around the $106,900 level. However, based on both technical indicators and macroeconomic dynamics, I anticipate a gradual pullback toward the $92,000 zone.

On the technical side, the RSI has started to turn down from the overbought territory, suggesting a potential loss of momentum. Additionally, negative divergences are forming on the MACD, indicating a weakening bullish trend. Both daily and weekly charts reflect a deceleration in upward momentum. The $105,000–$107,000 range has historically acted as a key resistance area, and the current low-volume price action in this zone further suggests increasing selling pressure. In this context, the $102,000–$98,000 region stands as the first support level, while a broader retracement toward $92,000 remains a realistic technical scenario.

From a macroeconomic perspective, although recent comments from Fed Chair Jerome Powell indicate a potential rate cut, market reactions have remained subdued. Traditionally, rate cuts are expected to support risk-on assets like Bitcoin, but this time, investor sentiment seems to be shifting toward safe-haven assets such as gold and silver. This diversion from the usual risk-on response indicates underlying caution in the market.

Moreover, escalating geopolitical tensions — particularly the potential resurgence of conflict between Ukraine and Russia — are contributing to broader market uncertainty. Renewed warfare in the region could heighten risk aversion, pushing investors further toward cash positions or tangible assets and away from volatile instruments like cryptocurrencies.

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