BTC/USDT 1-Hour K-Line Analysis: Rebound and Adjustment at High Levels, Short-Term Bearish Momentum Unleashed#内容挖矿焕新公测开启 $BTC

Key Support and Resistance Levels
• Resistance Levels
1. First Resistance: 88,936.2 (MA10), is the immediate resistance during a short-term rebound. Breaking through this level could lead to a move towards 89,301.3 (MA20).
2. Second Resistance: 89,263.1 (MA30), this medium-term moving average is an important dividing line in the bulls and bears battle.
3. Third Resistance: 90,570.0 (Previous High), only a breakout here can ease the medium-term correction pressure.

• Support Levels

1. First Support: 87,259.1 (Previous Low), is the key support during the current correction. Losing this level could open a new downward space.

2. Second Support: 86,928.0 (Recent Low), an important psychological support level. If broken, caution is needed for a deep correction.
Technical Indicator Analysis

• Moving Averages: Price has fallen below MA5 and MA10 short-term moving averages, and is trading below MA20 and MA30. The short-term moving averages are in a bearish alignment, indicating short-term bearish momentum is releasing and correction pressure is evident.

• MACD Indicator: MACD value (-225.0) is in the negative zone, with the DIF line crossing below the DEA line to form a death cross. The green histogram continues to expand, indicating increasing downward momentum.

• RSI Indicator: The value is 35.8, in a neutral to slightly bearish zone, not yet entering oversold territory, reflecting that bearish force still has room to be released.

• Volume: During the pullback, trading volume has increased, showing selling pressure has grown and the willingness of funds to exit is strengthening.
Summary and Trading Suggestions

Currently, BTC/USDT is in a pattern of “rebound and adjustment at high levels, short-term bearish momentum releasing.” If the price breaks above 88,936.2 (MA10) with volume and stabilizes, it can be considered bullish, targeting 89,301.3 (MA20); if it retraces and breaks below 87,259.1, caution is needed for a deep correction, with particular attention to the effectiveness of the support at 86,928.0.