**BTC Long/Short Power Index: 44/100 — Weak Consolidation, Catching a Breath Short-Term but Lacking Momentum**

BTC is currently hovering around $90,670. That quick surge at the end of yesterday? It fizzled out in no time and fell back to the middle range. Overall, it’s still a weak rebound; while it looks like it’s not dropping further in the short term, a trend reversal? Nowhere in sight for now. Watch for resistance between $91,300 and $92,000 on the upside, and support at $88,900 and $89,800 on the downside.

**Short-Term: Tug of War, Neither Side Has the Upper Hand**

Looking at the 15-minute chart, MA7 and MA25 are stuck together again—a classic sign of a deadlock between bulls and bears. The MACD just formed a golden cross off the bottom, but the histogram is weak, clearly just a technical bounce after overselling, not a real bull run. RSI is stuck in the 47-52 range, signaling a wait-and-see mood. Bottom line: it’s a choppy, grinding phase, and trading volume isn’t enough to fuel any substantial move.

On the 1-hour chart, it’s even clearer: a minor rebound quickly hit resistance and fell back. MA7 is bending down towards MA25, MACD momentum is fading, and RSI is fluctuating around 48. Bulls are weak right now; a sustained attack? Not happening. The market is in a short-term observation phase, waiting for a signal.

**Medium-Term: Downtrend Channel Still Intact, Rebound Is Just a Struggle**

On the 4-hour chart, BTC remains trapped in the downtrend channel, with the MA99 acting as strong resistance. The recent rebound didn’t even touch the trendline, showing that the medium-term trend is still bearish. While the MACD’s bearish bars are shrinking, it’s far from a true reversal; RSI is back to around 50, right at the trend inflection observation zone—this is a key battleground for bulls and bears.

On the daily chart, MA7 has ticked up a bit but is still below MA25—this structure is a classic weak rebound. The MACD’s bearish bars are shortening, and the downtrend is slowing; RSI is holding around 45, indicating bearish pressure is easing, but bulls haven’t taken charge yet. The key is whether BTC can stay above $92,500—if not, the medium-term rebound will remain capped.

**Long-Term Structure: Nearing the End of the Correction, But Not Out of the Woods Yet**

On the weekly chart, BTC is still hovering near MA25. The price has stopped falling, but a reversal? Too soon to call. The MACD is still trending down, just at a slower pace; RSI is hovering between 39-40, reflecting weak long-term sentiment, but at least there’s no panic sell-off. Overall: the major correction is almost over, but the final shakeout isn’t done yet.

**Three Key News Events**

First, US CPI data is due this week, and the market is waiting for it. If inflation continues to decline, risk assets will benefit in the short term.

Second, there was a small net outflow from BTC ETFs yesterday, indicating institutions are still on the sidelines and not rushing in.

Third, exchange balances continue to fall, but on-chain activity hasn’t picked up—this means money isn’t buying aggressively, but rather staying on the sidelines.

In summary: This is a stage where the short-term is stabilizing but lacks momentum. Want to buy the dip? Wait for a signal. Want to chase the rally? See if it can break resistance first.