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Bitcoin's recent rally seems to be coming to a halt.
After touching the upper band of the Bollinger Bands at 88591, the buying momentum has clearly weakened, and it has now pulled back to around the midline at 87784 for resistance. The trading volume further illustrates the issue—MA5 has been consistently suppressed by MA10, indicating that short-term buying enthusiasm is indeed waning. The 1-hour MACD is starting to lose momentum, and the KDJ is also dropping from high levels, suggesting that the short-term upward trend is becoming somewhat虚弱.
The key now is whether it can quickly stabilize above the 88000 level. If it can't break through, it is likely to test the support at 87200. This level remains worth关注 for short-term traders.
I've said it before, if we can't get past the 88,000 hurdle, it's going to be a downward trend all the way.
MA5 is being suppressed, and with such low trading volume, who would dare to chase the high?
Remember to buy the dip when testing 87,200, or you'll regret it again.
Once it breaks 88,000, it's time to admit defeat. Don't fight yourself.
Alright, applying this logic, if 88,000 can't be broken, we have to keep going down. I bet this time there will really be a correction.
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If 88000 can't be broken, it will really be awkward. Testing 87200 is a certainty.
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The trading volume is indeed a bit problematic; buy orders are not as aggressive anymore.
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That's just how the market is. High-level resistance is normal; don't over-interpret it.
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I just want to know if it will directly break below 87000—that would be the real test.
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Passive or not, anyway, short-term volatility, long-term still depends on fundamentals.
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Feels like we're entering a consolidation zone again. So annoying about this market.
Why did it drop back to 87,784? It just went up and then bled out again. This rhythm is really annoying.
MA5 is being suppressed, trading volume has shrunk. I'm afraid it's really going to die this time.
I should have known that the upper band of the Bollinger Bands is the ceiling. Every time, I'm trapped here.
If 87,200 also breaks, I'll admit defeat. I'm not playing anymore.
Is it going to fluctuate again? Or is it going to crash directly next?
All my buys are at 88,200. Now I feel a bit uncertain.
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If the 88,000 level can't be broken, it's a typical "false breakout" before a re-entry attack, and a pullback to test is inevitable.
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MA5 being pressed down by MA10 indicates that the bulls lack the sustained gas to keep pushing higher; let's see if 87,200 can hold.
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The technical momentum has dulled, short-term traders should review the audit reports and avoid blindly chasing highs.
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The attack vector in this rally is just a lack of volume support, so there's not much point.
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KDJ is falling from high levels, risk warnings are starting to surface—just the old routine again.
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If 88,000 can't be broken, you have to admit defeat, test 87,200, and stop-losses should still be executed.