The daily candlestick has formed a large bearish candle, breaking below the 30-day moving average; the 2-hour chart shows continuous decline forming a clear downward channel, with both the 7-day and 30-day moving averages broken. Now, it depends on whether the 120-day moving average can hold (around 90750).
On the indicator side, the green MACD histogram on the 2-hour chart is getting thicker below the zero line, indicating that the bearish momentum is building; however, the daily MACD is still above the zero line without a breakdown, and the larger-scale upward trend has not been completely dismantled from the chart.
The idea for @BTC@ is very clear: in the short term, watch the range between 91500 and 92000; if it can't hold here, the next major target is around 90000 to 89000. The real test is still ahead, and it depends on whether @BTC@ can stabilize this level.
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probably_nothing_anon
· 01-09 06:06
The 120-day moving average is crucial. If it breaks, we're heading straight to 89,000. Stay strong, brothers.
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ForkTongue
· 01-08 02:12
The 120-day moving average is really the last line of defense. If it breaks here, we'll have to look downward.
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BearMarketSurvivor
· 01-08 01:57
If the 120-day moving average really breaks, we better get ready to take the hit...
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OnchainUndercover
· 01-08 01:44
If the 120-day moving average can't hold this critical level, it will break through. The bearish momentum this time doesn't seem very good.
#数字资产行情上升 Recent Market Reflection:
The daily candlestick has formed a large bearish candle, breaking below the 30-day moving average; the 2-hour chart shows continuous decline forming a clear downward channel, with both the 7-day and 30-day moving averages broken. Now, it depends on whether the 120-day moving average can hold (around 90750).
On the indicator side, the green MACD histogram on the 2-hour chart is getting thicker below the zero line, indicating that the bearish momentum is building; however, the daily MACD is still above the zero line without a breakdown, and the larger-scale upward trend has not been completely dismantled from the chart.
The idea for @BTC@ is very clear: in the short term, watch the range between 91500 and 92000; if it can't hold here, the next major target is around 90000 to 89000. The real test is still ahead, and it depends on whether @BTC@ can stabilize this level.