Yesterday's large bearish candle directly broke through the 30-day moving average (around the 90090 level). Each consecutive price peak is lower than the previous one, and there's insufficient volume to support any rebound attempts.
The 4-hour level shows this even more clearly. The short-term 5-day and 10-day moving averages have already made a bearish death cross and are heading downward. The MACD green histogram below the zero line is getting progressively longer, and the RSI value is stuck below 50 with no signs of rising. The entire structure is forming a downward descending channel.
Bitcoin: Setting resistance at 91500-92000 levels for shorting. Target levels: 90000-89000$BTC #GateAI正式上线
Today's Reference Strategy:
Yesterday's large bearish candle directly broke through the 30-day moving average (around the 90090 level). Each consecutive price peak is lower than the previous one, and there's insufficient volume to support any rebound attempts.
The 4-hour level shows this even more clearly. The short-term 5-day and 10-day moving averages have already made a bearish death cross and are heading downward. The MACD green histogram below the zero line is getting progressively longer, and the RSI value is stuck below 50 with no signs of rising. The entire structure is forming a downward descending channel.
Bitcoin: Setting resistance at 91500-92000 levels for shorting. Target levels: 90000-89000$BTC #GateAI正式上线