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The 4-hour Bitcoin trading range oscillation pattern is presented more clearly and intuitively, with the upper resistance level anchored at 94000, the lower support level firmly held at 84000, and 90000 being the key bullish-bearish dividing line that runs through the range!
The current price has effectively broken below the support level of 88000 established during the previous horizontal consolidation.
The 4-hour MA5 moving average still maintains an upward trend, providing phase support for the price. At the same time, the hourly MACD indicator is in a process of volume contraction and repair!
This suggests that the short-term market is likely to experience a technical rebound, but constrained by the overall bearish pattern, the rebound space is expected to be very limited! #加密市场小幅回暖 $BTC