BTC 1-Hour Price Analysis — Weak Consolidation and Rebound

Resistance Levels

• First Resistance: $90,000–$90,200 (Recent consolidation upper boundary + MA20 pressure level, short-term selling pressure cluster)

• Strong Resistance: $91,140–$91,800 (MA100 + previous decline platform double pressure, medium-term key resistance)

Support Levels

• First Support: $88,300–$88,500 (Recent consolidation lows + MA30 support, short-term stabilization zone)

• Strong Support: $87,250–$87,500 (Current correction low point, core defense line for bulls, break below indicates continued weakness)

Technical Indicator Analysis

1. Moving Averages: Short-term moving averages (MA5/MA10/MA20) have shifted from bearish divergence to sideways flattening. MA5 has slightly crossed above MA10 to form a weak golden cross, indicating a temporary slowdown in short-term downward momentum; however, medium-term moving averages (MA30/MA50/MA100) remain in a bearish arrangement, maintaining a medium-term weak trend. Price is caught between short- and medium-term moving averages, awaiting direction.

2. MACD: Both lines are flat below the zero axis, with the green histogram gradually narrowing but not yet forming a golden cross. This is a technical rebound after a decline, with weak rebound momentum. The zero axis remains a key resistance for subsequent upward movement.

3. RSI: Current reading is 46.97, in a neutral to slightly bearish narrow oscillation zone. Market sentiment is cautious, with no overbought or oversold pressure. The indicator lacks upward turning momentum, limiting rebound strength.

4. Volume: During the rebound, trading volume continues to decline, remaining below MA5/MA10 average volume lines. No significant outside capital inflow is observed, indicating the market is dominated by internal funds, greatly limiting the height and sustainability of the rebound.

5. Bollinger Bands: The bands are narrowing, with the upper band trending downward and the lower band flattening. Price is operating below the middle band, indicating a clear consolidation pattern. The middle band at $89,800 is a key battleground for bulls and bears in the short term. After narrowing, a directional breakout is highly probable.

Summary

BTC 1-hour chart is in a weak consolidation and rebound phase. The weak golden cross of short-term moving averages suggests a temporary slowdown in downward momentum. Multiple tests and stabilization at support levels provide short-term support for bulls. However, medium-term moving averages remain bearish, volume is shrinking, and key indicators lack reversal signals, constraining upward potential. The market is currently at a critical point of balance between bulls and bears. Future direction depends on breaking key levels with volume and price action; until then, the consolidation pattern is unlikely to change.