BTC is currently at the 89697 level. Previously, there was a surge followed by a pullback, with the hourly high reaching 90257 before falling back to the current range. Overall, the short-term pattern shows a surge followed by a choppy correction. Recently, the 1-hour candlestick structure showed a long upper shadow after a rally, followed by several small bearish and bullish candles, forming a consolidation pattern that reflects a tug-of-war between bulls and bears at the current price level, with the direction still unclear. After previously dipping to 88870, there was a rapid rebound, making this area a short-term support. However, the failure to break above the 90000 psychological level indicates heavy selling pressure above.



The KDJ indicator's three lines have started to turn upward from a low point, showing signs of a golden cross at the bottom, suggesting a short-term rebound is expected, but the values are still below 50, so the overall trend remains weak. The MACD histogram is positive at 37.3, indicating that bearish momentum is weakening, but the DIF line is still below the DEA line, so the medium-term downtrend has not fundamentally reversed.

In the short term, BTC is mainly in a consolidation and recovery phase. The lower Bollinger band at 89142 and the 88870 level are important supports, while the 90000-90257 range is a pressure zone above. If BTC can hold above the middle Bollinger band at 89507, or leverage the KDJ golden cross for a small rebound, otherwise, there is still a possibility of testing the support below.
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Mr.Pengvip
· 13h ago
Hop on board!🚗
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