I'm just checking the BTC chart and it's the same story again. The king of cryptocurrencies can't stay above $90k. Yesterday around 5 AM UTC, it touched $90.2k, but that was weak. By midday, selling pressure intensified and everything dropped. Now it's trading around $86.8k — nearly a 4% drop from the daily high. I see a series of large red candles that have absorbed all of yesterday's gains.

This is already the third or fourth false breakout this month. In early December, the bulls managed to break through $90k and even touch $93k, but they couldn't hold it. A week later, another attempt, this time reaching $93-94k, but again the same selling pressure. Now, every rebound lacks volume. It seems the buyers have already grown tired.

Trader friends say that the chance of a return to $95k this year is only a few percent. Honestly, the market structure looks weak. The bulls lack the strength to change anything in this situation.