After reaching a high of 96,000 USD the previous day, Bitcoin continued to face pressure and fell back. In the early hours of yesterday, it dipped to a low of 91,200 USD. Although there was a slight rebound to 92,500 USD in the morning, the upward momentum was weak, leading to another decline. In the afternoon session, the bears pushed the market to create a recent low of 89,250 USD, and then it oscillated upward and stabilized above the 90,000 USD mark in the afternoon. The market briefly retraced to 90,910 USD in the evening, after which the bulls took over, peaking at 93,780 USD. It then entered a high-level consolidation phase and is currently hovering around the 93,000 USD mark. Technically, the current range continues to converge, and the short-term bullish and bearish momentum is insufficient, resulting in a lack of clear direction. It is in a crucial period of choosing a direction. Although there was a slight stabilization after the previous dip, it has not been able to break through the mid-band resistance, leading to insufficient upward momentum in the second wave. The market still needs time to consolidate and build strength. The current technical structure has entered a state of contraction and oscillation, lacking clear trend guidance. Further stimuli from news could become the core factor to break the deadlock. In the short term, it is necessary to focus on the range of fluctuations and patiently wait for effective breakout signals.
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#逆势上涨币种推荐 $BTC
After reaching a high of 96,000 USD the previous day, Bitcoin continued to face pressure and fell back. In the early hours of yesterday, it dipped to a low of 91,200 USD. Although there was a slight rebound to 92,500 USD in the morning, the upward momentum was weak, leading to another decline. In the afternoon session, the bears pushed the market to create a recent low of 89,250 USD, and then it oscillated upward and stabilized above the 90,000 USD mark in the afternoon. The market briefly retraced to 90,910 USD in the evening, after which the bulls took over, peaking at 93,780 USD. It then entered a high-level consolidation phase and is currently hovering around the 93,000 USD mark. Technically, the current range continues to converge, and the short-term bullish and bearish momentum is insufficient, resulting in a lack of clear direction. It is in a crucial period of choosing a direction. Although there was a slight stabilization after the previous dip, it has not been able to break through the mid-band resistance, leading to insufficient upward momentum in the second wave. The market still needs time to consolidate and build strength. The current technical structure has entered a state of contraction and oscillation, lacking clear trend guidance. Further stimuli from news could become the core factor to break the deadlock. In the short term, it is necessary to focus on the range of fluctuations and patiently wait for effective breakout signals.