Bitcoin is currently consolidating around the 90,000 level.
Looking at the 1-hour candlestick chart and technical indicators, the short-term trend is volatile with no clear directional bias. Earlier, the price surged and then quickly pulled back, followed by a period of narrow-range consolidation near 90,000. The candlestick pattern shows a combination of a spike and pullback, plus a bottoming formation at lower levels, indicating a clear tug-of-war between bulls and bears around the 90,000 mark.
On the 4-hour chart, the price shows a clear downward pressure: during the corrective upward movement, it touched the upper channel and immediately reversed. Bullish momentum remains weak, not only failing to break previous highs but also losing structural integrity.
Trading suggestion:
Short Bitcoin on a rebound to 91,000-91,500, targeting 90,000-89,000. #美联储降息预测
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Bitcoin is currently consolidating around the 90,000 level.
Looking at the 1-hour candlestick chart and technical indicators, the short-term trend is volatile with no clear directional bias. Earlier, the price surged and then quickly pulled back, followed by a period of narrow-range consolidation near 90,000. The candlestick pattern shows a combination of a spike and pullback, plus a bottoming formation at lower levels, indicating a clear tug-of-war between bulls and bears around the 90,000 mark.
On the 4-hour chart, the price shows a clear downward pressure: during the corrective upward movement, it touched the upper channel and immediately reversed. Bullish momentum remains weak, not only failing to break previous highs but also losing structural integrity.
Trading suggestion:
Short Bitcoin on a rebound to 91,000-91,500, targeting 90,000-89,000. #美联储降息预测