Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#数字货币市场洞察 $BTC The current trend is worth watching. From the 1-hour candlestick chart, after a rapid dip, the price has entered a period of sideways consolidation. This pattern often suggests that the market is searching for a new equilibrium.
There are several technical details to note: the lower Bollinger Band is currently around 88056, a level that has repeatedly served as support recently. The last candlestick with a lower shadow indicates there is indeed buying support at this level. As for the MACD, although the DIF line remains below the DEA, it's worth noting that the green histogram bars are continuously narrowing—this usually means selling pressure is decreasing. Looking back at previous similar patterns, when the lower band support coincided with a shrinking MACD green bar, there was always some degree of price recovery afterwards.
On-chain data also reveals some clues. During the recent price drop, there was no significant increase in large transfers; instead, some whale addresses appeared to be accumulating in the 88000-89000 range. This often indicates that the real selling pressure may not be as panicked as the chart suggests, and is more likely a case of chip redistribution taking advantage of emotional volatility.
In terms of the macro environment, tonight’s remarks from Federal Reserve officials were basically in line with market expectations, with no additional hawkish surprises. Meanwhile, the Nasdaq Index is currently in the green, and the overall risk asset sentiment is gradually stabilizing.
In summary, technicals are showing signs of stabilization, on-chain flows indicate willingness to buy, and there are no new negative developments in the external environment—these three factors combined make a short-term price retest of the 90000 area a reasonable expectation. If the price can hold above this level today, the 91000 resistance area may become the next focus. Of course, it's still important to monitor trading volume.