BTC trend assessment: short-term dominated by bears, medium-term consolidation and bottoming
Key price anchors: the current price is 89,400, already below the psychological 90,000 mark. The short-term support is focused at 83,000 (the lower edge of the recent consolidation range), and the resistance is at 95,000 (the upper edge of the recent fluctuation range).
Moving average indicators: continuously below the 365-day moving average, which is a traditional bear market signal. Momentum continues to fade, lacking clear rebound momentum.
Key conclusion: Short-term bearish forces are dominant, and it is highly likely to maintain a range-bound movement between 83,000 and 95,000, making it difficult to start a one-sided rally. If the 80,000 support breaks, it may further test 73,800.
Key price anchors: the current price is 89,400, already below the psychological 90,000 mark. The short-term support is focused at 83,000 (the lower edge of the recent consolidation range), and the resistance is at 95,000 (the upper edge of the recent fluctuation range).
Moving average indicators: continuously below the 365-day moving average, which is a traditional bear market signal. Momentum continues to fade, lacking clear rebound momentum.
Key conclusion: Short-term bearish forces are dominant, and it is highly likely to maintain a range-bound movement between 83,000 and 95,000, making it difficult to start a one-sided rally. If the 80,000 support breaks, it may further test 73,800.
