🔥Bitcoin is now caught in an intense battle between bulls and bears, with clear divergence in market signals⚡
Many people are unsure which way the market will go, so let’s break it down across the short- and long-term time frames.
First, looking at the short-term daily chart, the market has formed a double bearish divergence in both RSI and MACD, and the previous uptrend channel is looking increasingly shaky. Signals of a short-term pullback have already emerged. The first key support level is around 80886. If this level fails to hold, there will be room for a new round of declines. That said, as long as the core support level has not been decisively broken, we shouldn’t blindly turn bearish.
#比特币反弹至8.3万美元
#Telegram预计推出Gram钱包 #NEAR账户支持抗量子ML-DSA签名
$BTC $ETH $BNB
Taking a longer-term view on the weekly chart, the broader structure still favors the bulls. Based on the chart signals, this short-term pullback looks more like a bear trap in a bull market. The low formed by the decline could be an opportunity to get in. Only after the price successfully breaks above the key B point can a new major bull market be officially confirmed.
To sum it up: there is short-term pressure for a correction, but the broader bull-market outlook remains intact.
The key level that will determine what happens next is 7918. If support holds, the market will continue to consolidate; if it breaks, the short-term trend will reverse outright. Keep a close eye on this level and manage your position size carefully.
Many people are unsure which way the market will go, so let’s break it down across the short- and long-term time frames.
First, looking at the short-term daily chart, the market has formed a double bearish divergence in both RSI and MACD, and the previous uptrend channel is looking increasingly shaky. Signals of a short-term pullback have already emerged. The first key support level is around 80886. If this level fails to hold, there will be room for a new round of declines. That said, as long as the core support level has not been decisively broken, we shouldn’t blindly turn bearish.
#比特币反弹至8.3万美元
#Telegram预计推出Gram钱包 #NEAR账户支持抗量子ML-DSA签名
$BTC $ETH $BNB
Taking a longer-term view on the weekly chart, the broader structure still favors the bulls. Based on the chart signals, this short-term pullback looks more like a bear trap in a bull market. The low formed by the decline could be an opportunity to get in. Only after the price successfully breaks above the key B point can a new major bull market be officially confirmed.
To sum it up: there is short-term pressure for a correction, but the broader bull-market outlook remains intact.
The key level that will determine what happens next is 7918. If support holds, the market will continue to consolidate; if it breaks, the short-term trend will reverse outright. Keep a close eye on this level and manage your position size carefully.