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Bitcoin is showing signs of a bearish trend, with price action failing to hold above key support levels and showing weakness on the RSI. The price is expected to continue its downward trajectory, potentially reaching 90,000 as macro conditions remain bearish. The DXY shows bullish strength, suggesting a potential continuation of its upward trend, which could be bearish for risk assets. The S&P 500 (ES1!) is also showing signs of weakness with a potential breakdown of its upward trend, suggesting a possible continuation lower towards 4000. Bears are in control of all major markets at this time. The 2-week chart shows that Bitcoin is currently in a downtrend with bearish momentum, and has failed to hold above the 50-day EMA. The 2-week chart is showing significant support at 86,000 and 90,000, with Bitcoin failing to break these levels for extended periods. However, the RSI is showing bearish divergence, indicating that the price may continue to go down. The 2-week chart is showing a major downtrending channel with a bearish diagonal trend line, suggesting that Bitcoin may continue to go down. We are watching for a break of the 98,000 support level and for the 2-week RSI to break below the 47.50 support level.