Bitcoin Current Market Analysis:

Short-term Moving Average: The price is currently below the 50-day moving average, indicating weak short-term momentum and increasing selling pressure. Bitcoin has broken below the 50-day moving average, showing a clear bearish tendency in the short term, with support likely around $84,500.

Long-term Moving Average: The long-term moving average still provides support, indicating that the medium to long-term trend remains bullish, and the market has not yet entered an overvaluation zone. The MACD shows negative short-term momentum, and a death cross signal has appeared on the daily chart, suggesting short-term pullback pressure.

The current Bitcoin price is close to the middle band of the Bollinger Bands, with the upper and lower bands around $110,000 and $100,000, respectively. If the price fails to break through the upper band, it may continue to consolidate sideways or test the lower band.