The market has recently been affected by statements on U.S. monetary policy and the decline of major stock indices, prompting investors to move away from high-risk assets such as cryptocurrencies.

· Near-term technical outlook: Analyses indicate that Bitcoin is facing downward pressure. Key support levels are identified at $88,500 - $87,800 and then $85,000 - $84,000. Breaking the support level at $88,500 is a significant technical signal that could reinforce the short-term bearish trend.