Short-term Trend: Bears in Control The current price is around 89,400, having already broken below the key psychological level of 90,000. Market sentiment is weak, and bears are dominating the short term.
Key Levels: 83,000 Support, 95,000 Resistance 83,000 = The lower bound of the recent consolidation range, and the most critical short-term support. 95,000 = The upper bound of the range; a trend reversal is unlikely until this level is broken.
Medium-term Structure: Bottoming Consolidation, Lacking Momentum BTC is still trading below the 365-day moving average, which is traditionally considered a bear market structure, indicating that trend momentum remains weak and any rebound lacks strength.
Risk Warning: Breaking Below 80,000 Opens Downside 80,000 is an even more critical medium-term support. If this level is lost, the price could fall back to the 73,800 area in search of a bottom.
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BTC Trend Assessment: Short-term Bearish, Medium-term Consolidation, High-Risk Range-Bound Trading
Short-term Trend: Bears in Control
The current price is around 89,400, having already broken below the key psychological level of 90,000. Market sentiment is weak, and bears are dominating the short term.
Key Levels: 83,000 Support, 95,000 Resistance
83,000 = The lower bound of the recent consolidation range, and the most critical short-term support.
95,000 = The upper bound of the range; a trend reversal is unlikely until this level is broken.
Medium-term Structure: Bottoming Consolidation, Lacking Momentum
BTC is still trading below the 365-day moving average, which is traditionally considered a bear market structure, indicating that trend momentum remains weak and any rebound lacks strength.
Risk Warning: Breaking Below 80,000 Opens Downside
80,000 is an even more critical medium-term support. If this level is lost, the price could fall back to the 73,800 area in search of a bottom.