The daily chart is currently in a bearish trend, with all moving averages aligned downward. Several key moving averages are close to a death cross, indicating that the downward momentum is likely to continue. In the short term, attempts to push higher will face resistance at 90360-91500, with an even stronger resistance at 92300, making it difficult to break through. On the technical indicators side, I believe that the daily MACD not only shows weakening momentum but also continues to decline, indicating that the downward pressure remains. The 4-hour chart shows increased volume, but the price hasn't followed suit, confirming weakness and lack of confidence in an upward move.
Bitcoin: Expect a rebound around 90500-91000, with targets at 89000-87000$BTC #Gate每10分钟送1克黄金
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Today's Bitcoin analysis:
The daily chart is currently in a bearish trend, with all moving averages aligned downward. Several key moving averages are close to a death cross, indicating that the downward momentum is likely to continue. In the short term, attempts to push higher will face resistance at 90360-91500, with an even stronger resistance at 92300, making it difficult to break through.
On the technical indicators side, I believe that the daily MACD not only shows weakening momentum but also continues to decline, indicating that the downward pressure remains. The 4-hour chart shows increased volume, but the price hasn't followed suit, confirming weakness and lack of confidence in an upward move.
Bitcoin: Expect a rebound around 90500-91000, with targets at 89000-87000$BTC #Gate每10分钟送1克黄金