What is BTC's current position? Let's pull out the three-day chart and take a close look.
**Quick Overview**
BTC/USDT current price is 88,749.9, down 2.50% over three days. This decline is moderate—many are debating whether it will continue downward or rebound.
From the three-day cycle perspective, the price is now sandwiched between EMA(144) and EMA(169), with clear resistance above. Especially, EMA(60) is firmly stuck at 98,556.9. Looking downward, EMA(200) around 87,978.9 is providing support—this is a key support level. If broken, the price could quickly drop to the 85,000-86,000 range.
**Technical Indicators**
The MACD shows some interesting signals—DIF is -2,422.2, DEA is -3,570.2, and the MACD histogram is 1,148.0. It has shifted from negative to positive, indicating the bearish momentum is weakening, but a golden cross has not yet formed, so the rebound strength is still insufficient.
RSI(24) is now at 42.8, indicating a weak zone. It hasn't entered oversold territory, meaning there is still room for short-term downside.
KDJ, with K at 49.8, D at 57.2, and J at 35.2. The J value has fallen below K and D, suggesting short-term rebound is weak, and downward pressure remains.
**Trend Analysis**
The three-day line is currently in consolidation, with strong resistance above. Around 92,500 (EMA21) and 94,500 (EMA144) are resistance levels. If the price cannot stay above 90,000 in the next three days, it is likely to retest the support at 87,000.
**Different Strategies for Three Types of Traders**
For those wanting to go long: Don't rush. Wait until the price truly stabilizes above 90,000 or MACD shows a golden cross before entering, targeting 94,500.
For those wanting to go short: If it breaks below 87,000 with increased volume, you can try a small position, aiming for 85,000. But remember, keep it light.
For observers: The market is clearly volatile now, and short-term trading carries high risk. It's better to watch more and act less until the trend becomes clearer.
**In Summary**
BTC is likely to remain in a consolidation to bearish pattern over the next three days. But until key support is broken, it's not advisable to be overly bearish. Market sentiment is cautious now—manage your positions carefully, set stop-losses, and wait for a clear direction.
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PebbleHander
· 7h ago
Once 87,000 is broken, I'll run. I don't want to be trapped again.
View OriginalReply0
CrossChainBreather
· 7h ago
Still obsessing over 88K repeatedly, it's really annoying.
After all this time, whether 88 breaks or not is the key; don't be fooled by those moving averages.
The golden cross still hasn't appeared, and this rebound momentum is indeed a bit weak.
90K is unstable, so we still need to continue exploring downward, but I won't be heavily betting.
The bearish momentum is indeed weak, but entering long positions now might be a bit early.
Can EMA200 hold up? That's the real thing to watch.
The range between 88 and 90 has been bouncing back and forth for several days, very frustrating. Let's wait for signals before acting.
Light positions, caution first; the current market is like a hot potato.
Once support is broken, it will be disastrous; 85 dollars is really possible.
This wave of oscillation, short-term traders are probably just giving away money.
View OriginalReply0
CrossChainMessenger
· 7h ago
Whether 87,000 breaks or not is a hurdle; I will continue to hold and observe while eating dirt.
View OriginalReply0
wagmi_eventually
· 7h ago
Once 87,000 is broken, I'll close my position. This volatility is really annoying.
View OriginalReply0
fork_in_the_road
· 7h ago
It's the same old story... If 87,000 breaks, we're heading straight to 85.
What is BTC's current position? Let's pull out the three-day chart and take a close look.
**Quick Overview**
BTC/USDT current price is 88,749.9, down 2.50% over three days. This decline is moderate—many are debating whether it will continue downward or rebound.
From the three-day cycle perspective, the price is now sandwiched between EMA(144) and EMA(169), with clear resistance above. Especially, EMA(60) is firmly stuck at 98,556.9. Looking downward, EMA(200) around 87,978.9 is providing support—this is a key support level. If broken, the price could quickly drop to the 85,000-86,000 range.
**Technical Indicators**
The MACD shows some interesting signals—DIF is -2,422.2, DEA is -3,570.2, and the MACD histogram is 1,148.0. It has shifted from negative to positive, indicating the bearish momentum is weakening, but a golden cross has not yet formed, so the rebound strength is still insufficient.
RSI(24) is now at 42.8, indicating a weak zone. It hasn't entered oversold territory, meaning there is still room for short-term downside.
KDJ, with K at 49.8, D at 57.2, and J at 35.2. The J value has fallen below K and D, suggesting short-term rebound is weak, and downward pressure remains.
**Trend Analysis**
The three-day line is currently in consolidation, with strong resistance above. Around 92,500 (EMA21) and 94,500 (EMA144) are resistance levels. If the price cannot stay above 90,000 in the next three days, it is likely to retest the support at 87,000.
**Different Strategies for Three Types of Traders**
For those wanting to go long: Don't rush. Wait until the price truly stabilizes above 90,000 or MACD shows a golden cross before entering, targeting 94,500.
For those wanting to go short: If it breaks below 87,000 with increased volume, you can try a small position, aiming for 85,000. But remember, keep it light.
For observers: The market is clearly volatile now, and short-term trading carries high risk. It's better to watch more and act less until the trend becomes clearer.
**In Summary**
BTC is likely to remain in a consolidation to bearish pattern over the next three days. But until key support is broken, it's not advisable to be overly bearish. Market sentiment is cautious now—manage your positions carefully, set stop-losses, and wait for a clear direction.