Price has retraced from the highs: it previously surged to around 126,000, and now it's near 86,479. The key weekly support has been broken, and overall it is in an adjustment phase after the highs. Bearish indicators: MACD has formed a death cross, and the green bars are expanding, indicating that selling pressure is still being released; however, the divergence correction is close to completion, and there may be a short-term rebound. Medium-term pressure: The 50-week moving average has fallen below the 200-week moving average, and historically, this signal usually indicates that further adjustments are needed in the medium term. Rhythm judgment: The short-term drop has been relatively large, and there is a high probability of a rebound first, but the pressure above is not small; if it cannot quickly return above 100000, the weekly level adjustment may continue. Key range: 85000 to 90000 is an important support zone at present, and whether it can be stabilized is crucial.
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BTC market analysis for the upcoming week:
Price has retraced from the highs: it previously surged to around 126,000, and now it's near 86,479. The key weekly support has been broken, and overall it is in an adjustment phase after the highs.
Bearish indicators: MACD has formed a death cross, and the green bars are expanding, indicating that selling pressure is still being released; however, the divergence correction is close to completion, and there may be a short-term rebound.
Medium-term pressure: The 50-week moving average has fallen below the 200-week moving average, and historically, this signal usually indicates that further adjustments are needed in the medium term.
Rhythm judgment: The short-term drop has been relatively large, and there is a high probability of a rebound first, but the pressure above is not small; if it cannot quickly return above 100000, the weekly level adjustment may continue.
Key range: 85000 to 90000 is an important support zone at present, and whether it can be stabilized is crucial.