1.4 Market Analysis

From the 1-hour timeframe, Bitcoin's price has rapidly surged from 89,261 to 91,586, continuously forming large bullish candles in a short period, with a gain of over 2.6%. The bullish momentum is being released intensively during this rapid rise, and technical indicators have clearly entered the overbought zone, indicating an objective need for a short-term correction.
At the same time, after touching 91,586, the price quickly fell back to 91,188, with the 91,500–91,600 range forming a clear resistance. The bulls failed to stabilize above this area, instead showing a pullback after a spike, indicating that the selling pressure at this level is beginning to strengthen significantly, and the upward momentum is clearly obstructed.
From the moving average structure, the current price's deviation from MA7 and MA30 has significantly increased. The rapid short-term rise has caused the price to drift far from the moving averages, suggesting a strong need for mean reversion. The price is likely to experience a pullback and correction.
Trading Suggestions:
Bitcoin: Short in the 91,500 – 91,700 range with partial positions, target: 90,500 – 90,000
Altcoin: Layout in the 3,150–3,160 range, target: 3,080–3,070