【BTC Technical Analysis | Accelerating Bearish Momentum, Watching Key Support Levels】

#欧美关税风波冲击市场
Market Review and Qualitative Assessment
BTC on the 1-hour chart shows a clear accelerating downtrend structure. The price has significantly broken below all short- and medium-term moving averages, with the intraday low reaching around $90,800. Currently, there is a slight rebound but it remains in an absolute weak zone. Market sentiment is bearish, but after the rapid decline, the asset has entered an oversold territory. Close attention should be paid to the defense at key psychological levels.

Multi-dimensional Technical Indicator Interpretation

1. Moving Averages and Structure: MA5 to MA100 are in a standard bearish alignment, with the price trading below all moving averages, indicating a clear and strong downtrend. The first resistance zone above is at $92,000-$92,500 (MA5-MA10 area). A strong reversal requires the price to stabilize above $93,500 (around MA20).
2. Key Price Levels:
· Support Levels: $90,000 is the current core psychological and technical level. If broken, the next significant support zone is at $89,000-$88,500. The recent low of $90,822 serves as an immediate support reference.
· Resistance Levels: Initial resistance during a rebound is at $91,800-$92,200, with strong resistance at $93,000-$93,500.
3. Momentum Indicators: The MACD lines are rapidly descending below the zero line, with the green histogram lengthening, indicating dominant bearish momentum. The RSI has dropped to an extreme oversold level of 19.4, which usually suggests that the downward momentum may be overextended in the short term, increasing the likelihood of a technical rebound. However, in a trend, oversold conditions may persist.

The above analysis is based on public market data and is for personal reference only. Cryptocurrency is highly volatile; strategies may become invalid due to sudden market changes. Operate with small positions, strictly set stop-losses, and be responsible for gains and losses.
Subscribers can access real-time dynamic position management advice, more precise entry signals, and backup strategies for sudden market movements.