Bitcoin surged to around 91810 and then quickly dropped, forming a clear short-term top. Although there was a rebound afterward, it couldn't break through this high point, indicating that the bullish momentum is clearly weakening.
From a technical perspective, the short-term 7-day moving average has already turned downward and is diverging from the 30-day moving average. The price repeatedly tests around 91400 but cannot break above the moving average combination. In simple terms, there aren't enough buyers stepping in. The candlestick pattern looks poor—an upward spike followed by a bearish engulfing pattern, with the lower shadow expanding during the pullback, showing continuous selling pressure.
Looking at key levels, 91800 has become a short-term resistance that is difficult to break. The support zone between 90800 and 91000, which was previously broken, has now weakened. If Bitcoin cannot reclaim the 91500 level, it is likely to test the 89800-90000 range in the near future.
Trading strategy: Consider short positions in the 90800-91500 range, targeting the 90000-85200 zone.
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MetaMisfit
· 6h ago
91800 is really a solid barrier; if it couldn't be broken through earlier, it was time to clear the position.
View OriginalReply0
GateUser-a5fa8bd0
· 01-05 05:53
91800 can't be broken through, the bears still need to keep up the effort.
View OriginalReply0
DegenDreamer
· 01-05 00:30
Still crashing, this wave definitely didn't scare off enough buyers
View OriginalReply0
ProofOfNothing
· 01-05 00:15
If it crashes down, it crashes down, and the bagholders will be trapped again.
#数字资产动态追踪 Monday Morning Market Analysis
Bitcoin surged to around 91810 and then quickly dropped, forming a clear short-term top. Although there was a rebound afterward, it couldn't break through this high point, indicating that the bullish momentum is clearly weakening.
From a technical perspective, the short-term 7-day moving average has already turned downward and is diverging from the 30-day moving average. The price repeatedly tests around 91400 but cannot break above the moving average combination. In simple terms, there aren't enough buyers stepping in. The candlestick pattern looks poor—an upward spike followed by a bearish engulfing pattern, with the lower shadow expanding during the pullback, showing continuous selling pressure.
Looking at key levels, 91800 has become a short-term resistance that is difficult to break. The support zone between 90800 and 91000, which was previously broken, has now weakened. If Bitcoin cannot reclaim the 91500 level, it is likely to test the 89800-90000 range in the near future.
Trading strategy: Consider short positions in the 90800-91500 range, targeting the 90000-85200 zone.
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