The market remains in a bearish trend following a clear break of the 89–90k zone, which represented the last significant distribution area. Attempts at a rebound are consistently met with selling pressure, while the 85.7k level provides temporary support but remains relatively weak.
As long as the price stays below key resistance levels, the primary risk remains a further move downward.
Only a strong recovery above 86.7k would open the way for a move back toward 88.5k. The current structure clearly shows that the flow is still dominated by sellers and that a decision zone is imminent.
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The market remains in a bearish trend following a clear break of the 89–90k zone, which represented the last significant distribution area. Attempts at a rebound are consistently met with selling pressure, while the 85.7k level provides temporary support but remains relatively weak.
As long as the price stays below key resistance levels, the primary risk remains a further move downward.
Only a strong recovery above 86.7k would open the way for a move back toward 88.5k. The current structure clearly shows that the flow is still dominated by sellers and that a decision zone is imminent.