#BTC资金流动性 Bitcoin's trend today is honestly a bit awkward - it can't rise, nor can it fall. There is indeed some momentum for a rebound in the short term, but overall it is still stuck in that old downward channel, feeling hopeless for a breakthrough.

Looking at the daily chart, there have been three consecutive bullish candles, but the price keeps fluctuating around the EMA15 fast line at 88700, with no decisive breakout. The 4-hour chart shows the indecision of the main force even more clearly — the EMA indicators are contracting sharply. Although there have been several attempts to move upwards, each time they have been firmly suppressed by the resistance level. The EMA12 test line of the Vegas channel is now widening, but there are no signs of a turning point. In simple terms, this is a passive rise with little quality.

The descending channel formed earlier is still a tough nut to crack, with the 20-period and 50-period moving averages firmly sitting above it, making it difficult to break through.

The performance of MACD is quite interesting - on the daily chart, the DIF and DEA formed a golden cross after a reduction in volume, which looks like a weak bullish signal in the short term. However, the issue is that this indicator had been lingering in the negative territory for a long time, and the downward momentum has not been fully digested yet. The 4-hour MACD is even more complex; the DIF and DEA are diverging, and the KDJ has formed a death cross, yet the price is consolidating at a high level. This indicates that there is a significant disagreement between bulls and bears at this position, and the main players are completely observing around the 90000 mark, with no one daring to take the first step.

The Bollinger Bands look too stable - the middle resistance is locked at $89,500, and the lower support is at $84,850. $BTC is now oscillating in the middle, and the volatility is quite mild. Overall, the market indeed lacks clear directional momentum.