The latest quote for Bitcoin (BTC) is $111,609, which has recently shown a trend of rising and then falling back. In the short term, the BTC price is facing dual pressure from MA25 and MA99, with momentum clearly weakening. The MACD indicators across multiple cycles show a downward trend, while the RSI indicator is in a neutral to weak range, reflecting an increasing wait-and-see sentiment in the market. If the price falls below the $111,000 mark, the support around $109,500 will face severe testing.

From the multi-timeframe candlestick analysis, the 15-minute chart shows a short-term upward push facing resistance and retreating, with MA7 crossing below MA25, MACD forming a death cross, and RSI dropping to 31.60 entering a weak zone. On the hourly chart, the price is being suppressed by MA25 and MA99, with downward momentum increasing, MACD starting to form a death cross, and RSI falling to 46.22 indicating a weak trend. The 4-hour chart shows a short-term rebound facing resistance and retreating, with MACD red bars shortening and a death cross trend, RSI at 53.25, indicating weakening momentum. On the daily chart, the moving average system is consolidating bearishly, with MACD green bars continuing, and RSI at 47.72, indicating mid-term pressure. Although the weekly chart still maintains a long-term bullish trend, the MACD red bars are shrinking, RSI has declined to 56.28, showing clear top pressure.

The comprehensive analysis of technical indicators shows that the MACD presents a death cross bearish trend in the short time frame, with signs of a top divergence on the 4-hour chart and continuous green bars on the daily chart. The RSI indicator has weakened rapidly in the short term, fluctuating between 40-50 on both the 1-hour and daily charts, reflecting cautious market sentiment. The moving average system exerts significant pressure on the short to medium-term prices, with prices failing to break through effectively. In terms of trading volume, the rebound lacks sufficient strength, while the trading volume increases during pullbacks, indicating that the bears have a slight upper hand.

On the macro front, Federal Reserve officials have recently hinted at the possibility of maintaining high interest rate policies for a longer period, which puts pressure on risk assets. At the same time, exchange data shows a net inflow of Bitcoin in the short term, which may increase selling pressure. However, long-term holders are still slightly increasing their holdings around $110,000, indicating that some capital is still supporting the market. The market is currently closely watching the upcoming September CPI data, which may influence the decision-making direction of the Fed's last two meetings of the year.

Overall, BTC is facing adjustment pressure in the short term, and investors need to remain vigilant, closely monitoring the performance of key support levels and changes in macroeconomic data.