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Bitcoin Holds Near $90K as Analyst Warns of Potential Drop Toward $70K on Fed Liquidity Jolt
Bitcoin is hovering around $90,300 after a week of muted trading, stuck between nearby support at about $89,300 and resistance above $94,400. Analyst Doctor Profit has kept short positions opened between $115,000 and $125,000 and is eyeing a decline toward the $70,000–$75,000 region, citing the U.S. Federal Reserve's recent $106 billion liquidity injection as a warning for risk assets. Other market observers point to key technical zones and note that the current correction, near 29% from last year's high, remains modest compared with previous bear markets.