After rebounding yesterday, Bitcoin failed to hold above 92,000 and has retreated to around 90,500 with sideways movement! The bullish momentum is still insufficient!
From a technical perspective, it broke below the short-term upward trend line, with the 5/10-day moving averages acting as resistance. The MACD has a death cross, the green histogram is expanding, and the RSI is around 42 entering the weak zone. On the 4-hour chart, it rebounded from the lower Bollinger Band at 89,262, but volume is insufficient. The Bollinger Bands are narrowing, with dense moving averages above, making the rebound prone to failure.
Bitcoin: Moving south around 91,500-92,000, targeting 90,000-89,000.
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Today's public thoughts:
After rebounding yesterday, Bitcoin failed to hold above 92,000 and has retreated to around 90,500 with sideways movement! The bullish momentum is still insufficient!
From a technical perspective, it broke below the short-term upward trend line, with the 5/10-day moving averages acting as resistance. The MACD has a death cross, the green histogram is expanding, and the RSI is around 42 entering the weak zone.
On the 4-hour chart, it rebounded from the lower Bollinger Band at 89,262, but volume is insufficient. The Bollinger Bands are narrowing, with dense moving averages above, making the rebound prone to failure.
Bitcoin: Moving south around 91,500-92,000, targeting 90,000-89,000.
$SOL : Moving south around 138-142, targeting 135-130. $BTC #GateFun马勒戈币暴涨1251.09% $SOL #Gate广场创作者新春激励