Gate Research Institute: XRD surges over 60% in 24 hours | $47 million worth of Bitcoin stolen
Cryptocurrency Asset Panorama
BTC (+0.29% | Current price $89,781.7)
After a rapid decline earlier, BTC formed a clear stage low around $87,256, followed by a quick rebound back above $89,000. Currently, the price remains in a range of $89,300–$89,900, consolidating with sideways movement. Overall, panic selling pressure has been largely released during the previous decline, and the market has entered a phase of recovery and digestion through sideways consolidation. The short-term trend has shifted from weak to neutral and slightly stable. From a technical perspective, short-term moving averages are gradually flattening, with MA5 and MA10 beginning to approach the price, while MA30 remains slightly downward, exerting some resistance above, indicating that the current structure is still in a consolidation and bottoming phase. Previously, the rebound from around $87,000 was accompanied by significant volume, indicating strong activity in that region.
BTC (+0.29% | Current price $89,781.7)
After a rapid decline earlier, BTC formed a clear stage low around $87,256, followed by a quick rebound back above $89,000. Currently, the price remains in a range of $89,300–$89,900, consolidating with sideways movement. Overall, panic selling pressure has been largely released during the previous decline, and the market has entered a phase of recovery and digestion through sideways consolidation. The short-term trend has shifted from weak to neutral and slightly stable. From a technical perspective, short-term moving averages are gradually flattening, with MA5 and MA10 beginning to approach the price, while MA30 remains slightly downward, exerting some resistance above, indicating that the current structure is still in a consolidation and bottoming phase. Previously, the rebound from around $87,000 was accompanied by significant volume, indicating strong activity in that region.
