Gate Research Institute: Ripple Expands RLUSD to Ethereum Layer 2 Network | Visa Announces Launch of Stablecoin Consulting ServicesCrypto Market Overview
BTC (-4.20% | Current price 85,740 USDT): After failing to effectively break through the key resistance level of 95,000 USD last week, Bitcoin's price continued to weaken and gradually retraced to the core supply and demand zone. From a daily chart perspective, both the 100-day and 200-day moving averages are above the price, showing a downward trend slightly above the 100,000 USD level, further reinforcing the medium-term bearish technical pattern. However, the current price has approached the lower band of the Bollinger Bands, and both RSI and KDJ are in oversold zones, indicating that the short-term downward momentum is weakening. The 79,000–82,000 USD range remains the most critical demand support zone, where strong buying previously entered, forming a temporary bottom in this round of correction; if the price faces further pressure and declines again, this area is likely to remain the core of bullish defense.
GateResearch·1m ago