BTC is currently quoted at 93200.8, up 5.19% from the previous period, but the technical picture is releasing obvious warning signals.
From the 1-hour level, the price has broken below the dynamic uptrend line, which constitutes a precursor to trend reversal in the short term. The K-line has run consecutively for 105 candles, with the overall trend entering a critical moment. More notably, the MACD has shown a death cross, with bullish momentum significantly depleted, and the sustainability of subsequent rallies is questionable.
Key support levels are distributed across three zones at 90373.4, 89432.0, and 88471.6. If the price fails to quickly reclaim the upper side of the trend line, it is likely to trigger a deep pullback to test these supports. Currently, no strong resistance level has formed.
For long position holders, 93462.4 can serve as a reference for dynamic exit defense positioning. Once the price touches below this level, preparations for risk control need to be made. In the short term, if the market fails to quickly rebound and break through the trend line, the upward momentum may be exhausted, entering an adjustment cycle.
BTC is currently quoted at 93200.8, up 5.19% from the previous period, but the technical picture is releasing obvious warning signals.
From the 1-hour level, the price has broken below the dynamic uptrend line, which constitutes a precursor to trend reversal in the short term. The K-line has run consecutively for 105 candles, with the overall trend entering a critical moment. More notably, the MACD has shown a death cross, with bullish momentum significantly depleted, and the sustainability of subsequent rallies is questionable.
Key support levels are distributed across three zones at 90373.4, 89432.0, and 88471.6. If the price fails to quickly reclaim the upper side of the trend line, it is likely to trigger a deep pullback to test these supports. Currently, no strong resistance level has formed.
For long position holders, 93462.4 can serve as a reference for dynamic exit defense positioning. Once the price touches below this level, preparations for risk control need to be made. In the short term, if the market fails to quickly rebound and break through the trend line, the upward momentum may be exhausted, entering an adjustment cycle.