Bitcoin is oscillating near $91,000 recently, with intraday declines being minimal at only -0.2%. This adjustment is primarily driven by continuous outflows from ETF funds and profit-taking by some investors, causing repeated market fluctuations.
From a technical perspective, the MACD on the daily chart has already displayed a death cross signal, while the 4-hour correction rally shows relatively weak performance. In the short term, the market will likely maintain a range-bound consolidation pattern, with key support at $89,262 and resistance densely distributed between $91,800-$92,000.
Operationally, it is recommended to closely monitor the performance at these price levels and follow the trend promptly once levels are broken, while strictly controlling position sizes to avoid excessive leverage. However, from a longer timeframe perspective, the industry generally believes Bitcoin is expected to break through the $100,000 mark within the coming month, which is worth anticipating.
Bitcoin is oscillating near $91,000 recently, with intraday declines being minimal at only -0.2%. This adjustment is primarily driven by continuous outflows from ETF funds and profit-taking by some investors, causing repeated market fluctuations.
From a technical perspective, the MACD on the daily chart has already displayed a death cross signal, while the 4-hour correction rally shows relatively weak performance. In the short term, the market will likely maintain a range-bound consolidation pattern, with key support at $89,262 and resistance densely distributed between $91,800-$92,000.
Operationally, it is recommended to closely monitor the performance at these price levels and follow the trend promptly once levels are broken, while strictly controlling position sizes to avoid excessive leverage. However, from a longer timeframe perspective, the industry generally believes Bitcoin is expected to break through the $100,000 mark within the coming month, which is worth anticipating.