This article has been translated from English to Gen Z Slang.

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Bitcoin (BTC/USD) just took a nosedive from what looked like a hella strong resistance zone! 🚀

Ya think crypto is about to keep sliding in the next trading sessions and continue that long-term downtrend? 🤔

Here’s the tea on the 4-hour time frame:

Bitcoin (BTC/USD): 4-hour

Bitcoin (BTC/USD) 4-hour

Bitcoin (BTC/USD) 4-hour Chart by TradingView

ICYMI, bitcoin wrapped up Wednesday lower than its open price 'cause the Fed’s “hawkish cut” event played out like a downer for high-risk stuff like cryptos. 📉😭

The U.S. dollar’s vibing low-key too, but might get some backup from FOMC’s dot plot vibes that weren't as chill as folks thought, plus safe haven feels as U.S. money drama escalates and fights with Russia, Ukraine, and all that jazz keep getting spicy. 🌶️🇺🇸

Don’t forget: market moods and plot twists are usually driven by the big stuff. 😮 If you haven’t done your homework on the U.S. dollar and the bitcoin, hop on the economic calendar and keep up with the daily news! 📰

BTC/USD’s been showing some glow-up vibes with higher lows on the 4-hour chart, but then it hit a brick wall near $93,000. All that action lines up with the 200 SMA, the 50% Fibonacci retracement of the November drop, and a resistance keeping it since early Oct. 🤨

If BTC/USD can't vibe above that $90,000 level, the Pivot Point line, and the 100 SMA, we might see those bearish vibes return and dip below $88,000. 😬 If sellers hype up the pressure, the pair could even drop down to those $84,000 or $80,000 levels.

But hey, if that dip was just a mood swing and BTC/USD’s ready to take on December and shoot higher, we could totally see it hitting larger goals like $100,000 or even $104,000 real soon. 🚀💸

No matter which moves you make, remember to flex that risk management strategy and keep one eye on the major plot twists that could flip the whole script! 🎭

Disclaimer:
Heads up! This here is just some chill technical analysis vibes for your info and edju purposes, not trading advice or any fixed play. It’s just one part of the big strategy map. The setup ideas discussed are to spotlight what’s catching eyeballs out there. 👀 You make the calls, manage your risks, and own the outcomes. Be smart out there! 🙌